Search ForexCrunch
  • The euro is reversing up from the session’s low.
  • The market is likely contained in the 1.1150-1.1190 range. 

EUR/USD daily chart

The market is retracing down while above the main daily simple moving averages. 

EUR/USD four-hour chart

EUR/USD is reversing up from the 1.1150/32 support zone while above the main SMAs. Buyers need a break of the 1.1190 resistance. But, since the euro has been so two-sided, the market is probably going to stay within the 1.1150-1.1190 range in the medium term. A daily break above 1.1190 could imply a spike to 1.1225 and 1.1248 levels, according to the Technical Confluences Indicator. Conversely, sellers want to pierce the 1.1150/32 price zone to reach the 1.1098/74 level. 

Additional key levels