Home EUR/USD Technical Analysis: Set for a bounce to the upside on a sideways wedge from 1.1300
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EUR/USD Technical Analysis: Set for a bounce to the upside on a sideways wedge from 1.1300

  • EUR/USD has again returned to a bearish intraday setup, running into resistance at the 50-period moving average on 5-minute candles with further intraday resistance capped at the 200-period MA at 1.1340; a break of this level could see the Fiber twist into another hesitant bull day.

EUR/USD, 5-Minute

  • Volatility plays over the past two weeks have left the pair with higher highs in the near-term, but plays towards the downside leave the Fiber strung out across the 200-period MA on higher timeframes as the middle ground on EUR/USD continues to open up with little directional bias baked in.

EUR/USD, 30-Minute

  • Looking further out on the 4-hour candlesticks, EUR/USD is primed for a break of a constraining sideways wedge as the Fiber continues to cycle around the 1.1300 handle.

EUR/USD, 4-Hour

EUR/USD

Overview:
       Today Last Price:  1.1325
       Today Daily change:  -13  pips
       Today Daily change %:  -0.115%
       Today Daily Open:  1.1338
Trends:
       Previous Daily SMA20:  1.1353
       Previous Daily SMA50:  1.1434
       Previous Daily SMA100:  1.1523
       Previous Daily SMA200:  1.1755
Levels:
       Previous Daily High:  1.1419
       Previous Daily Low:  1.1318
       Previous Weekly High:  1.1402
       Previous Weekly Low:  1.1267
       Previous Monthly High:  1.15
       Previous Monthly Low:  1.1216
       Previous Daily Fibonacci 38.2%:  1.1357
       Previous Daily Fibonacci 61.8%:  1.138
       Previous Daily Pivot Point S1:  1.1298
       Previous Daily Pivot Point S2:  1.1258
       Previous Daily Pivot Point S3:  1.1197
       Previous Daily Pivot Point R1:  1.1398
       Previous Daily Pivot Point R2:  1.1459
       Previous Daily Pivot Point R3:  1.1499

 

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