Home EUR/USD Technical Analysis: Euro best daily performance since September
FXStreet News

EUR/USD Technical Analysis: Euro best daily performance since September

  • EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart; however, bulls made a substantial advance this Thursday as they printed the best daily advance since September.
  • EUR/USD closed above the 1.1400 figure and the 50 SMA suggesting potential bullish continuation in the coming sessions.  
  • Targets to the upside are likely located near 1.1430 (October 9 low), 1.1463 (October 4 low) and 1.1500 figure and October 2 swing low.    

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1400 figure
Resistance 2:   1.1430 October 9 low
Resistance 3:   1.1463 October 4 low
Resistance 4:   1.1500 figure and October 2 swing low  
Resistance 5:   1.1530 August 23 swing low (key level)

Support 1:   1.1350 figure
Support 2:   1.1300 current 2018 low
Support 3:   1.1200 figure  

Additional key levels at a glance:

EUR/USD

Overview:
       Last Price:  1.1405
       Daily change:  93  pips
       Daily change:  0.822%
       Daily Open:  1.1312
Trends:
       Daily SMA20:  1.1472
       Daily SMA50:  1.1575
       Daily SMA100:  1.1593
       Daily SMA200:  1.1876
Levels:
       Daily High:  1.1362
       Daily Low:  1.1302
       Weekly High:  1.1551
       Weekly Low:  1.1336
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.1325
       Daily Fibonacci 61.8%:  1.1339
       Daily Pivot Point S1:  1.1289
       Daily Pivot Point S2:  1.1266
       Daily Pivot Point S3:  1.1229
       Daily Pivot Point R1:  1.1348
       Daily Pivot Point R2:  1.1385
       Daily Pivot Point R3:  1.1408

 

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.