Home EUR/USD technical analysis: Fiber clings to modest intraday gains above the 1.1146 level
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EUR/USD technical analysis: Fiber clings to modest intraday gains above the 1.1146 level

FX Street
Updated:
  • EUR/USD is grinding up in a small range above the 1.1146 level.
  • Immediate support is seen at the 1.1130 and 1.1117 level.

EUR/USD daily chart

 
EUR/USD is in a bear trend trading below its main daily simple moving averages (DSMAs). In the last five days Fiber has been consolidating near multi-month lows.
 

EUR/USD 4-hour chart

 
EUR/USD is evolving above the 1.1146 support as the Fiber is trading in a tiny range. Bulls want to reach 1.1178 and 1.1200 on the way up, however the market is still trading below its main SMAs, suggesting bearish momentum in the medium term.  
 

EUR/USD 30-minute chart

 
The Euro is trading above the main SMAs, suggesting bullish momentum in the short term. Immediate support can be seen at 1.1146, 1.1130 and 1.1117, according to the Technical Confluences Indicator.
 

Additional key levels

 

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