Home EUR/USD technical analysis: Fiber consolidates losses below 1.1230 resistance
FXStreet News

EUR/USD technical analysis: Fiber consolidates losses below 1.1230 resistance

FX Street
Updated:
  • EUR/USD is consolidating the recent losses just below 1.1230 resistance.
  • The level to beat for bears are at 1.1200 followed by 1.1164 to the downside.

EUR/USD daily chart

EUR/USD is hovering near the 1.1200 figure below its main daily simple moving average (DSMA).  


EUR/USD 4-hour chart

 

EUR/USD is trading below 1.1250 resistance and its main SMAs. The bears want to break below 1.1200 to potentialy reach 1.1164 and 1.1120, according to the Technical Confluences Indicator.


EUR/USD 30-minute chart

EUR/USD is consolidating losses below 1.1230 resistance and the 100/200 SMAs, all-in-all suggesting a bearish bias. Immediate resistances are seen near 1.1230 and 1.1250, according to the Technical Confluences Indicator.


 
Additional key levels

 

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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024