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EUR/USD daily chart

  • EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).
  • Fed’s Powell said that that there was no pre-set policy path sending the USD sharply lower across the board.

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 resistance to the upside at 1.1325 and 1.1375 level have been reached.
  • The RSI is above 50, MACD is slowly turning bullish and the Stochastic indicator is finally exiting the oversold zone.

EUR/USD 30-minute chart

  • EUR/USD is now testing the 200 SMA as the market is challenging the 1.1340 level.
  • The 1.1300 and 1.1260 levels should become  support and weather  bearish attacks.
  • The weekly target for bulls is likely the 1.1430 level.  

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1345
       Today Daily change:  49  pips
       Today Daily change %:  0.434%
       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