Home EUR/USD Technical Analysis: Fiber is erasing the daily losses as spot is testing 1.1350 level
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EUR/USD Technical Analysis: Fiber is erasing the daily losses as spot is testing 1.1350 level

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA).  

EUR/USD 4-hour chart

  • Fiber is trading below its main SMAs suggesting bearish momentum in the medium-term.

EUR/USD 30-minute chart

  • EUR/USD is trading below it main SMAs. As discussed previously, the 1.1320 support was significant as the market reversed up a few pips above that level.
  • It seems that bulls have what it takes to get to 1.1370 but they need a significant break above that level in order to regain some control of the market.
  • Since the current momentum is bearish, sellers might still potentially come back and collapse the market to 1.13000 figure so buyers should  remain prudent.

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1356
       Today Daily change:  -12  pips
       Today Daily change %:  -0.11%
       Today Daily Open:  1.1368
Trends:
       Daily SMA20:  1.1414
       Daily SMA50:  1.1401
       Daily SMA100:  1.1434
       Daily SMA200:  1.1551
Levels:
       Previous Daily High:  1.1416
       Previous Daily Low:  1.1362
       Previous Weekly High:  1.1516
       Previous Weekly Low:  1.139
       Previous Monthly High:  1.1586
       Previous Monthly Low:  1.1289
       Daily Fibonacci 38.2%:  1.1383
       Daily Fibonacci 61.8%:  1.1395
       Daily Pivot Point S1:  1.1348
       Daily Pivot Point S2:  1.1327
       Daily Pivot Point S3:  1.1293
       Daily Pivot Point R1:  1.1403
       Daily Pivot Point R2:  1.1437
       Daily Pivot Point R3:  1.1458

 

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