Home EUR/USD Technical Analysis: EUR/USD traders bracing themselves for a surge to 1.1500 figure
FXStreet News

EUR/USD Technical Analysis: EUR/USD traders bracing themselves for a surge to 1.1500 figure

  • EUR/USD main trend is currently facing some headwinds with bulls in the fourth day of consolidation up.
  • EUR/USD is in a bullish channel with the 100 and 200-period simple moving average having a bullish slope. EUR/USD next hurdle is last week  high at 1.1445. Once the level is cleared there is not much resistance all the way up to the 1.1500 figure.
  • A sustained bear breakout below 1.1365 would negate the short-term bullish momentum.

EUR/USD 15-minute chart

Spot rate:             1.1440
Relative change:   0.02%  
High:                    1.1444
Low:                     1.1394

Main trend:                  Bearish  
Short-term trend:         Bullish above 1.1365  

Resistance 1:  1.1445 last week  high
Resistance 2:  1.1483 intraday swing high (August 10)
Resistance 3:  1.1500 figure

Support 1:   1.1430 August 14 high  
Support 2:   1.1400 figure
Support 3:   1.1365 August 13 low
Support 4:   1.1347 intraday swing high (August 15)
Support 5:   1.1300 figure  
Support 6:   1.1250 May 24, 2017 high
Support 7:   1.1178 June 27, 2017 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.