- The EUR/USD pair continues to trade within a narrowing price range. As of writing, the upper edge of the triangle is located at1.1421 and the lower edge is seen at1.1316.
- The recent drop in the US-German yield differentials and the value of the EUR put options favors bull breakout, which, if confirmed, would confirm a bearish-to-bullish trend change and open the doors to a convincing move above 1.15 (100-day MA).
- A triangle breakdown, however, would imply a continuation the sell-off from the September high of 1.1815 and allow a drop to the psychological level of 1.10.
Daily chart
EUR/USD
Overview:
Today Last Price: 1.1366
Today Daily change: -5.0 pips
Today Daily change %: -0.0440%
Today Daily Open: 1.1371
Trends:
Previous Daily SMA20: 1.1364
Previous Daily SMA50: 1.1407
Previous Daily SMA100: 1.1504
Previous Daily SMA200: 1.1728
Levels:
Previous Daily High: 1.1388
Previous Daily Low: 1.1314
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%: 1.136
Previous Daily Fibonacci 61.8%: 1.1342
Previous Daily Pivot Point S1: 1.1328
Previous Daily Pivot Point S2: 1.1285
Previous Daily Pivot Point S3: 1.1255
Previous Daily Pivot Point R1: 1.1401
Previous Daily Pivot Point R2: 1.1431
Previous Daily Pivot Point R3: 1.1474
NeutralTrend:
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