EUR/USD daily chart EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA). Technical indicators are negative suggesting a bearish bias. Fed’s Powell is delivering a speech at 17.00 GMT which can cause turmoil in the forex market. Indirectly Bank of England’s Governor Carney speech at 16.45 GMT can also affect EUR/USD. EUR/USD 4-hour chart Although EUR/USD is trading in a bear trend, the bears are likely exhausted as the market is oversold. The major resistances to the upside are located near the 1.1325 and 1.1375 level. A break of 1.1275 support can lead to a quick run to 1.1200 figure which is expected to hold prices. EUR/USD 30-minute chart On lower time-frames, EUR/USD is trading below its main SMAs while technical indicators are somewhat neutral. EUR/USD is evolving in a weak bear trend as the market is down about 50 pips since the start of the week. While the trend is your friend, the potential move down to 1.1200 is likely a bear trap that can reverse up any time. Additional key levels EUR/USD Overview: Today Last Price: 1.1288 Today Daily change: -8.0 pips Today Daily change %: -0.0708% Today Daily Open: 1.1296 Trends: Previous Daily SMA20: 1.1362 Previous Daily SMA50: 1.1473 Previous Daily SMA100: 1.154 Previous Daily SMA200: 1.178 Levels: Previous Daily High: 1.1346 Previous Daily Low: 1.1277 Previous Weekly High: 1.1473 Previous Weekly Low: 1.1328 Previous Monthly High: 1.1625 Previous Monthly Low: 1.1302 Previous Daily Fibonacci 38.2%: 1.1303 Previous Daily Fibonacci 61.8%: 1.1319 Previous Daily Pivot Point S1: 1.1267 Previous Daily Pivot Point S2: 1.1238 Previous Daily Pivot Point S3: 1.1199 Previous Daily Pivot Point R1: 1.1336 Previous Daily Pivot Point R2: 1.1375 Previous Daily Pivot Point R3: 1.1404 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. View All Post By FX Street FXStreet News share Read Next Gold Technical Analysis: Set-up points to an extension of the overnight bearish breakdown FX Street 4 years EUR/USD daily chart EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA). Technical indicators are negative suggesting a bearish bias. Fed's Powell is delivering a speech at 17.00 GMT which can cause turmoil in the forex market. Indirectly Bank of England's Governor Carney speech at 16.45 GMT can also affect EUR/USD. EUR/USD 4-hour chart Although EUR/USD is trading in a bear trend, the bears are likely exhausted as the market is oversold. The major resistances to the upside are located near the 1.1325 and 1.1375 level. A break of 1.1275 support can lead to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
