Home EUR/USD Technical Analysis: Bulls running out of breath at November highs as 1.1350 becomes the next potential destination
FXStreet News

EUR/USD Technical Analysis: Bulls running out of breath at November highs as 1.1350 becomes the next potential destination

EUR/USD 4-hour chart

  • EUR/USD is trading back below the 200-period simple moving average on the 4-hour chart.  
  • The 1.1450 resistance is a tough nut to crack as the market is having difficulty to break above the November highs. Any rally should be limited below that level.
  • The next main target to the downside is likely at the 1.1350 level.  

Additional levels at a glance:
 

EUR/USD

Overview:
       Last Price:  1.1419
       Daily change:  -33  pips
       Daily change:  -0.288%
       Daily Open:  1.1452
Trends:
       Daily SMA20:  1.1374
       Daily SMA50:  1.1509
       Daily SMA100:  1.1561
       Daily SMA200:  1.1811
Levels:
       Daily High:  1.1466
       Daily Low:  1.1394
       Weekly High:  1.142
       Weekly Low:  1.1216
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.1438
       Daily Fibonacci 61.8%:  1.1421
       Daily Pivot Point S1:  1.1409
       Daily Pivot Point S2:  1.1365
       Daily Pivot Point S3:  1.1336
       Daily Pivot Point R1:  1.1481
       Daily Pivot Point R2:  1.1509
       Daily Pivot Point R3:  1.1553

 

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.