Home EUR/USD Technical Analysis: 1.1360 bear target hit as the Greenback strengthens across the board
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EUR/USD Technical Analysis: 1.1360 bear target hit as the Greenback strengthens across the board

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 100 and 200-day simple moving average (SMA).  
  • EUR/USD rejected the 1.1400 figure along with the 50 SMA.  
  • As forecast at the start of the New York session, EUR/USD hit the 1.1360 target as the market is about to end the New York session near the 1.1354 level.

EUR/USD 4-hour chart

  • EUR/USD is trading below its main SMAs suggesting that the market will trade back to 1.1300 figure.  

EUR/USD 30-minute chart

  • On small time frames, the momentum is bearish although currently oversold, so bears should allow some room for a potential pullback up in the very short-term.  
  • Resistances to the upside are likely seen near 1.1365 and the 1.1385 level.  
  • Targets to the downside can be seen near 1.1320 and 1.1300 figure.  

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1354
       Today Daily change:  -57  pips
       Today Daily change %:  -0.500%
       Today Daily Open:  1.1411
Trends:
       Previous Daily SMA20:  1.1353
       Previous Daily SMA50:  1.1417
       Previous Daily SMA100:  1.1515
       Previous Daily SMA200:  1.1742
Levels:
       Previous Daily High:  1.1424
       Previous Daily Low:  1.136
       Previous Weekly High:  1.1424
       Previous Weekly Low:  1.1311
       Previous Monthly High:  1.15
       Previous Monthly Low:  1.1216
       Previous Daily Fibonacci 38.2%:  1.14
       Previous Daily Fibonacci 61.8%:  1.1385
       Previous Daily Pivot Point S1:  1.1373
       Previous Daily Pivot Point S2:  1.1335
       Previous Daily Pivot Point S3:  1.131
       Previous Daily Pivot Point R1:  1.1437
       Previous Daily Pivot Point R2:  1.1462
       Previous Daily Pivot Point R3:  1.15

 

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