Home EUR/USD Technical Analysis: Outlook on spot remains bearish while below 1.1474, short-term resistance line
FXStreet News

EUR/USD Technical Analysis: Outlook on spot remains bearish while below 1.1474, short-term resistance line

  • EUR/USD extends the consolidation in the upper end of the recent range, although a convincing breakout of the pattern still remains elusive .
  • The initial resistance band is located in the 1.1382/92 band, where aligns the 55- and 100-day SMAs. A surpass of this area should help the pair to alleviate some downside pressure.
  • A drop to fresh 2019 lows in the 1.1230 region remains on the cards as long as the short-term resistance line, today at 1.1474, caps the upside.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1342
       Today Daily change:  20  pips
       Today Daily change %:  0.03%
       Today Daily Open:  1.1339
Trends:
       Daily SMA20:  1.1367
       Daily SMA50:  1.1391
       Daily SMA100:  1.1397
       Daily SMA200:  1.1519
Levels:
       Previous Daily High:  1.1368
       Previous Daily Low:  1.1318
       Previous Weekly High:  1.1344
       Previous Weekly Low:  1.1234
       Previous Monthly High:  1.1586
       Previous Monthly Low:  1.1289
       Daily Fibonacci 38.2%:  1.1337
       Daily Fibonacci 61.8%:  1.1349
       Daily Pivot Point S1:  1.1315
       Daily Pivot Point S2:  1.1292
       Daily Pivot Point S3:  1.1266
       Daily Pivot Point R1:  1.1365
       Daily Pivot Point R2:  1.1391
       Daily Pivot Point R3:  1.1414

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.