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EUR/USD Technical Analysis: Declining resistance keeping the Fiber under bearish wraps

  • The EUR/USD is continuing to cycle near 1.3800 as the last twenty-four hours sees the Fiber straining to choose a direction as broader markets continue to struggle with the Italy-EU budget standoff.
  • EUR/USD: Italy’s GDP could spark the next significant move

EUR/USD, M5

  • The past week has seen the Fiber move haltingly lower, but so far last Friday’s low at 1.1335 is holding as the current support for the pair.

EUR/USD, M30

  • The past month sees the Fiber in more bearish straits, falling steadily from  a four-week peak of 1.1621, and the 50-period moving average is holding as declining resistance for the EUR/USD.

EUR/USD, H4

  • Don’t forget to check out FXStreet’s own live chart for instant updates on the EUR/USD!

EUR/USD

Overview:
       Last Price:  1.1379
       Daily change:  -1.5e+2  pips
       Daily change:  -1.32%
       Daily Open:  1.1531
Trends:
       Daily SMA20:  1.1571
       Daily SMA50:  1.1584
       Daily SMA100:  1.1623
       Daily SMA200:  1.1909
Levels:
       Daily High:  1.154
       Daily Low:  1.1531
       Weekly High:  1.1551
       Weekly Low:  1.1336
       Monthly High:  1.1816
       Monthly Low:  1.1526
       Daily Fibonacci 38.2%:  1.1496
       Daily Fibonacci 61.8%:  1.1472
       Daily Pivot Point S1:  1.1453
       Daily Pivot Point S2:  1.1392
       Daily Pivot Point S3:  1.1351
       Daily Pivot Point R1:  1.1555
       Daily Pivot Point R2:  1.1596
       Daily Pivot Point R3:  1.1657

 

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