EUR/USD Technical Analysis: Euro bulls find support at 1.460 level as new buyers join the bull party

0
  • EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
  • EUR/USD is riding up on the bullish momentum. New York bulls showed up near 1.1470 and are helping to support the market. The next big hurdle to overcome is 1.1500 figure. 
  • A break of the level should open the gates 1.1600 figure in the coming sessions. 

EUR/USD 4-hour chart

Main trend:             Bearish
Short-term trend:    Bullish

Resistance 1:   1.1500 figure and October 2 swing low
Resistance 2:   1.1530 August 23 swing low (key level)
Resistance 3:   1.1600 figure

Support 1:   1.1456 November 5 high
Support 2:   1.1430 October 9 low
Support 3:   1.1400 figure
Support 4:   1.1350 figure
Support 5:   1.1300 current 2018 low


Additional key levels at a glance:

EUR/USD

Overview:
Last Price: 1.1478
Daily change: 60 pips
Daily change: 0.525%
Daily Open: 1.1418
Trends:
Daily SMA20: 1.1453
Daily SMA50: 1.1557
Daily SMA100: 1.1586
Daily SMA200: 1.1857
Levels:
Daily High: 1.1438
Daily Low: 1.1392
Weekly High: 1.1456
Weekly Low: 1.1302
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.142
Daily Fibonacci 61.8%: 1.1409
Daily Pivot Point S1: 1.1394
Daily Pivot Point S2: 1.1369
Daily Pivot Point S3: 1.1347
Daily Pivot Point R1: 1.144
Daily Pivot Point R2: 1.1462
Daily Pivot Point R3: 1.1487

Get the 5 most predictable currency pairs

About Author

Comments are closed.