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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