Home EUR/USD Technical Analysis: caught in a wedge, looking for a break away from 1.1350
FXStreet News

EUR/USD Technical Analysis: caught in a wedge, looking for a break away from 1.1350

  • EUR/USD continues to favour the middle in rough sideways action, whipsawing on rough intraday action as the major pair finds itself strung up on the 200-period MA.

EUR/USD, 5-Minute

  • The past two weeks show the Fiber forming into a rough sideways channel, and deviations are continuing to favour  a return to the mean as the Euro struggles to pull away from the 1.1350 region.

EUR/USD, 30-Minute

  • 4-hour candles remain in a coiling sideways wedge as markets remain constrained amidst broader investor concerns, and trend-weary EUR/USD traders will be looking for a well-defined break of the current wedge before piling into dedicated positions.

EUR/USD, 4-Hour

EUR/USD

Overview:
       Today Last Price:  1.1333
       Today Daily change:  -12  pips
       Today Daily change %:  -0.106%
       Today Daily Open:  1.1345
Trends:
       Previous Daily SMA20:  1.1348
       Previous Daily SMA50:  1.1427
       Previous Daily SMA100:  1.152
       Previous Daily SMA200:  1.1751
Levels:
       Previous Daily High:  1.1362
       Previous Daily Low:  1.1311
       Previous Weekly High:  1.1402
       Previous Weekly Low:  1.1267
       Previous Monthly High:  1.15
       Previous Monthly Low:  1.1216
       Previous Daily Fibonacci 38.2%:  1.1342
       Previous Daily Fibonacci 61.8%:  1.133
       Previous Daily Pivot Point S1:  1.1317
       Previous Daily Pivot Point S2:  1.1288
       Previous Daily Pivot Point S3:  1.1266
       Previous Daily Pivot Point R1:  1.1367
       Previous Daily Pivot Point R2:  1.139
       Previous Daily Pivot Point R3:  1.1418

 

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.