Home EUR/USD Technical Analysis: Primed for a bullish recovery, but upside limited
FXStreet News

EUR/USD Technical Analysis: Primed for a bullish recovery, but upside limited

  • The EUR/USD is seeing  a near-term bounce from a bottom at 1.1215, but the ceiling is capped off at the pair’s last intraday swing high at 1.1275.
  • EUR/USD Forecast: Remains vulnerable near 16-month lows amid Italian budgetary concerns

EUR/USD M5

  • The past two weeks have seen the EUR/USD fall notably from a peak at the 1.1500 major handle, and the near-term pickup is seeing technical indicators beginning to flash overbought warnings already, and sellers could be populated from the 25-hour moving average at 1.1255.

EUR/USD M30

  • The past two months see the Fiber in a firm downtrend, with swing highs remaining constrained by the 200-period moving average, but medium-term traders will note that technical indicator readings have been skidding across the floor for a full week, and a bullish rebound could be on the cards up to the 38.2% Fibo retracement level at 1.1325.

EUR/USD H4

EUR/USD

Overview:
       Last Price:  1.1245
       Daily change:  11  pips
       Daily change:  0.0979%
       Daily Open:  1.1234
Trends:
       Daily SMA20:  1.1408
       Daily SMA50:  1.1532
       Daily SMA100:  1.1574
       Daily SMA200:  1.1835
Levels:
       Daily High:  1.1334
       Daily Low:  1.1234
       Weekly High:  1.15
       Weekly Low:  1.1316
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.1272
       Daily Fibonacci 61.8%:  1.1295
       Daily Pivot Point S1:  1.12
       Daily Pivot Point S2:  1.1167
       Daily Pivot Point S3:  1.11
       Daily Pivot Point R1:  1.13
       Daily Pivot Point R2:  1.1367
       Daily Pivot Point R3:  1.14

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.