Home EUR/USD Technical Analysis: 1.1330 unbreakable resistance in the New York session?
FXStreet News

EUR/USD Technical Analysis: 1.1330 unbreakable resistance in the New York session?

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).

EUR/USD 4-hour chart

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

EUR/USD 30-minute chart

  • EUR/USD found resistance at last Friday’s high suggesting that bulls might have run out of steam.
  • The current weakness can initially expose 1.1300, 1.1280 and 1.1250 to the downside.
  • The key resistance to break for bulls is 1.1330 followed by 1.1360 level.

Additional key levels

 

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.