Home EUR/USD Technical Analysis: Bulls erase NFP’s drop as 1.1400 is back on the table
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EUR/USD Technical Analysis: Bulls erase NFP’s drop as 1.1400 is back on the table

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200-period simple moving average (SMA).
  • Following some Powell’s dovish comments bulls regained some ground after the NFP inspired drop.

EUR/USD 4-hour chart

  • EUR/USD is currently challenging the 50 SMA and the 1.1400 figure.

EUR/USD 30-minute chart

  • EUR/USD is once again capped by the 200 SMA.
  • The level to beat for bulls is 1.1440 and 1.1470 while to the downside 1.1350 and 1.1320 are seen as potential bear targets.
  • The main trend is bearish therefore the bears are likely in control in the coming sessions.  

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1397
       Today Daily change:  -1.0  pips
       Today Daily change %:  -0.00877%
       Today Daily Open:  1.1398
Trends:
       Previous Daily SMA20:  1.1388
       Previous Daily SMA50:  1.1372
       Previous Daily SMA100:  1.148
       Previous Daily SMA200:  1.1652
Levels:
       Previous Daily High:  1.1412
       Previous Daily Low:  1.1309
       Previous Weekly High:  1.1478
       Previous Weekly Low:  1.1343
       Previous Monthly High:  1.1486
       Previous Monthly Low:  1.1269
       Previous Daily Fibonacci 38.2%:  1.1372
       Previous Daily Fibonacci 61.8%:  1.1348
       Previous Daily Pivot Point S1:  1.1335
       Previous Daily Pivot Point S2:  1.1271
       Previous Daily Pivot Point S3:  1.1232
       Previous Daily Pivot Point R1:  1.1437
       Previous Daily Pivot Point R2:  1.1475
       Previous Daily Pivot Point R3:  1.1539

 

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