The EUR/USD pair may revisit 1.14 later, having violated key falling trendline soon before press time.
Hourly chart
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- As seen above, the common currency has just crossed the trendline falling from the Jan. 9 and Jan. 11 highs. The 14-hour relative strength index (RSI) has also moved into bullish territory above 50.00.
- That bull breakout validates bearish exhaustion signaled by yesterday’s long-tailed candle.
- The pair, therefore, could revisit 1.14 in the run-up to European Central Bank’s (ECB) rate decision.
Trend: corrective bounce
EUR/USD
Overview:
Today Last Price: 1.1366
Today Daily change: 0.0014 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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