Home EUR/USD Technical Analysis: EUR/USD capped at 1.1630 and declining towards 1.1530 key support
FXStreet News

EUR/USD Technical Analysis: EUR/USD capped at 1.1630 and declining towards 1.1530 key support

  • EUR/USD bears are keeping the pressure on the single currency.  
  • EUR/USD is trading below its 50, 100 and 200-period simple moving average as the market is consolidating the recent losses near the 1.1600 level. In this context, EUR/USD is set to decline further and test 1.1530.  
  • However, a breakout above 1.1630 might lead to a bullish reversal.  

EUR/USD 4-hour chart

Spot rate:             1.1620
Relative change:  -0.13%
High:                    1.1625
Low:                     1.1573

Main trend:                    Bullish
Short-term trend:            Bearish below 1.1630

Resistance 1:   1.1630 August 8 high key level
Resistance 2:   1.1654 August 27 high
Resistance 3:   1.1723 September 24 low
Resistance 4:   1.1750 key level (July)
Resistance 5:   1.1800 figure
Resistance 6:   1.1853 June 14 high
Resistance 7:   1.1900 figure

Support 1:   1.1600 figure
Support 2:   1.1572 July 19 low
Support 3:   1.1542 supply/demand level
Support 4:   1.1530 August 23 swing low
Support 5:   1.1508 June 8 low

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.