Home EUR/USD Technical Analysis: 1.1456 is the level to beat in the New York session
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EUR/USD Technical Analysis: 1.1456 is the level to beat in the New York session

  • EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.  
  • EUR/USD is challenging the 1.1430 resistance and the 100-period simple moving average. Bulls would need to break and close above the 1.1456 to create a higher high. In the absence of such breakout, EUR/USD might  remained contained below 1.1456 for the remainder of the day. However, the RSI, MACD and Stochastic indicator are rather constructive.
  • A break above 1.1456 would potentially open the gates to 1.1500 figure.

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1430 October 9 low
Resistance 2:   1.1456 November 5 high
Resistance 3:   1.1500 figure and October 2 swing low
Resistance 4:   1.1530 August 23 swing low (key level)

Support 1:   1.1400 figure
Support 2:   1.1350 figure
Support 2:   1.1300 current 2018 low
Support 3:   1.1200 figure

Additional key levels at a glance:

EUR/USD

Overview:
Last Price:  1.1429
Daily change:  21  pips
Daily change:  0.184%
Daily Open:  1.1408
Trends:
Daily SMA20:  1.1456
Daily SMA50:  1.1563
Daily SMA100:  1.1587
Daily SMA200:  1.1862
Levels:
Daily High:  1.1424
Daily Low:  1.1353
Weekly High:  1.1456
Weekly Low:  1.1302
Monthly High:  1.1625
Monthly Low:  1.1302
Daily Fibonacci 38.2%:  1.1397
Daily Fibonacci 61.8%:  1.138
Daily Pivot Point S1:  1.1366
Daily Pivot Point S2:  1.1324
Daily Pivot Point S3:  1.1296
Daily Pivot Point R1:  1.1437
Daily Pivot Point R2:  1.1466
Daily Pivot Point R3:  1.1507

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