Home EUR/USD technical analysis: Fiber grinding up above 1.11460 level in the New York session
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EUR/USD technical analysis: Fiber grinding up above 1.11460 level in the New York session

FX Street
Updated:
  • EUR/USD is clinging to its daily gains above 1.1146 support.
  • On the way down support is seen at 1.1130 and 1.1117
 

EUR/USD daily chart

 
EUR/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). Fiber has been consolidating for the last 5 days near multi-month lows.
 

EUR/USD 4-hour chart

 
EUR/USD is trading above 1.1146 support as the Fiber is grinding up slowly. Bulls might reach 1.1178 and 1.1200 on the way up although the market is still trading below its main SMAs, suggesting bearish momentum in the medium term.  

EUR/USD 30-minute chart

 
Euro is trading above its main SMAs, suggesting potential bullish momentum in the short term. 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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