Home EUR/USD Technical Analysis: 1.1430 is a brick wall – More weakness in the New York session
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EUR/USD Technical Analysis: 1.1430 is a brick wall – More weakness in the New York session

EUR/USD daily chart

  • EUR/USD is trading below its main simple moving averages (SMAs) on the daily chart.  

EUR/USD 4-hour chart

  • EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.  
  • EUR/USD attempted to break above 1.1430 but the market sharply reversed down from the resistance, trapping  bulls and bears in the process.  

EUR/USD 30-minute chart

  • EUR/USD created a double top with Wednesday and the current Thursday’s high.  
  • The price is struggling to hold above the 200 SMA as technical indicators are weakening.  
  • Targets to the downside are seen at 1.1350 and 1.1350 in the coming sessions. On the flip side 1.1430 and 1.1450 are strong resistances.

Additional key levels at a glance:

EUR/USD

Overview:
       Last Price:  1.1403
       Daily change:  20  pips
       Daily change:  0.176%
       Daily Open:  1.1383
Trends:
       Daily SMA20:  1.1368
       Daily SMA50:  1.1499
       Daily SMA100:  1.1555
       Daily SMA200:  1.1802
Levels:
       Daily High:  1.1426
       Daily Low:  1.1364
       Weekly High:  1.142
       Weekly Low:  1.1216
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.1402
       Daily Fibonacci 61.8%:  1.1387
       Daily Pivot Point S1:  1.1356
       Daily Pivot Point S2:  1.1329
       Daily Pivot Point S3:  1.1294
       Daily Pivot Point R1:  1.1418
       Daily Pivot Point R2:  1.1453
       Daily Pivot Point R3:  1.148

 

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