- The EUR/USD pair is mildly bid in Asia at 1.1332, having defended the support of the trendline connecting the Nov. 13 and Nov. 28 lows yesterday.
- While the pair may have averted a deeper sell-off with the defense of the rising trendline, a bullish reversal would be confirmed above the 55-day moving average (MA) hurdle. As seen in the chart below, the key MA caught the highs on a closing basis on Oct. 16, Nov. 20, and Dec. 12.
- A close below the rising trendline support, currently at 1.1314, would signal a downside break of the symmetrical triangle – a bearish continuation pattern – and open up downside toward 1.1215-1.12.
Daily chart
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Trend: Neutral
EUR/USD
Overview:
Today Last Price: 1.1331
Today Daily change: 3.0 pips
Today Daily change %: 0.0265%
Today Daily Open: 1.1328
Trends:
Previous Daily SMA20: 1.1361
Previous Daily SMA50: 1.1409
Previous Daily SMA100: 1.1508
Previous Daily SMA200: 1.1733
Levels:
Previous Daily High: 1.14
Previous Daily Low: 1.1306
Previous Weekly High: 1.1424
Previous Weekly Low: 1.1311
Previous Monthly High: 1.15
Previous Monthly Low: 1.1216
Previous Daily Fibonacci 38.2%: 1.1342
Previous Daily Fibonacci 61.8%: 1.1365
Previous Daily Pivot Point S1: 1.1289
Previous Daily Pivot Point S2: 1.1251
Previous Daily Pivot Point S3: 1.1195
Previous Daily Pivot Point R1: 1.1383
Previous Daily Pivot Point R2: 1.1439
Previous Daily Pivot Point R3: 1.1477
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