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EUR/USD Technical Analysis: Early Monday bullish action could face near-term challenges

  • EUR/USD faces early risk-on action following Monday market open, but the upside remains limited as the pair remains far off of Friday’s peaks.

EUR/USD, 5-Minute

  • Although the pair looks set to continue the current push off of a higher low, technical indicators are set for a return to the mean, and the EUR continues to struggle at major levels.

EUR/USD, 30-Minute

  • On 4-Hour candles, EUR/USD continues to face rejection from the 200-period moving average currently sitting at 1.1390, and near-term swing lows are coiling the pair into a breaking pattern,   but the overall trend remains biased towards the downside.

EUR/USD, 4-Hour

EUR/USD

Overview:
       Today Last Price:  1.1364
       Today Daily change:  42  pips
       Today Daily change %:  0.371%
       Today Daily Open:  1.1322
Trends:
       Previous Daily SMA20:  1.136
       Previous Daily SMA50:  1.1451
       Previous Daily SMA100:  1.153
       Previous Daily SMA200:  1.1765
Levels:
       Previous Daily High:  1.1402
       Previous Daily Low:  1.1305
       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%:  1.1365
       Previous Daily Pivot Point S1:  1.1284
       Previous Daily Pivot Point S2:  1.1247
       Previous Daily Pivot Point S3:  1.1188
       Previous Daily Pivot Point R1:  1.138
       Previous Daily Pivot Point R2:  1.1439
       Previous Daily Pivot Point R3:  1.1477

 

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