Home EUR/USD Technical Analysis: Euro bulls challenging 1.1380 resistance ahead of ECB on Thursday
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EUR/USD Technical Analysis: Euro bulls challenging 1.1380 resistance ahead of ECB on Thursday

EUR/USD daily chart  

  • EUR/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages (SMAs).
  • The European Central Bank (ECB) rate decision and its press conference can lead to high volatility in the forex market this Thursday.

EUR/USD 4-hour chart

  • EUR/USD is trading below the main SMAs near the 2019 low.

EUR/GBP 30-minute chart

  • EUR/USD is stabilizing near the 1.1350 level.  
  • The sellers seem rather reluctant to continue the downtrend as bulls are challenging the 1.1380 level.
  • The  1.1430 and 1.1470 levels are seen as bullish target to the upside in the coming sessions.

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1366
       Today Daily change:  14  pips
       Today Daily change %:  0.12%
       Today Daily Open:  1.1352
Trends:
       Daily SMA20:  1.1425
       Daily SMA50:  1.139
       Daily SMA100:  1.1458
       Daily SMA200:  1.1594
Levels:
       Previous Daily High:  1.1382
       Previous Daily Low:  1.1336
       Previous Weekly High:  1.1491
       Previous Weekly Low:  1.1353
       Previous Monthly High:  1.1486
       Previous Monthly Low:  1.1269
       Daily Fibonacci 38.2%:  1.1353
       Daily Fibonacci 61.8%:  1.1364
       Daily Pivot Point S1:  1.1332
       Daily Pivot Point S2:  1.1311
       Daily Pivot Point S3:  1.1286
       Daily Pivot Point R1:  1.1377
       Daily Pivot Point R2:  1.1402
       Daily Pivot Point R3:  1.1423

 

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