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EUR/USD Technical Analysis: Euro is trading above 1.1400 figure ahead of the Fed

EUR/USD daily chart

  • EUR/USD is in a bear trend below the 100 and 200-day simple moving averages (SMAs).
  • The Fed’s Monetary Policy Statement at 19.00 GMT and the FOMC press conference this Wednesday can provide volatility in the forex market.


EUR/USD 4-hour chart

  • EUR/USD is trading above its main SMAs suggesting bullish momentum in the medium-term.  

EUR/USD 30-minute chart

  • EUR/USD is trading above its 200 SMA suggesting bullish momentum.
  • Bulls are currently testing the 1.1430 level and the 100 SMA. A break above the level should open the gates to 1.1470 and potentially up to 1.1500 figure if bulls gather enough steam.  
  • A daily close below 1.1380 would give the advantage to bears.

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1425
       Today Daily change:  -8  pips
       Today Daily change %:  -0.07%
       Today Daily Open:  1.1433
Trends:
       Daily SMA20:  1.1415
       Daily SMA50:  1.1391
       Daily SMA100:  1.1448
       Daily SMA200:  1.1571
Levels:
       Previous Daily High:  1.1451
       Previous Daily Low:  1.1411
       Previous Weekly High:  1.1418
       Previous Weekly Low:  1.1289
       Previous Monthly High:  1.1486
       Previous Monthly Low:  1.1269
       Daily Fibonacci 38.2%:  1.1436
       Daily Fibonacci 61.8%:  1.1427
       Daily Pivot Point S1:  1.1412
       Daily Pivot Point S2:  1.1392
       Daily Pivot Point S3:  1.1372
       Daily Pivot Point R1:  1.1453
       Daily Pivot Point R2:  1.1472
       Daily Pivot Point R3:  1.1493

 

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