Home EUR/USD Technical Analysis: FOMC knee-jerk reaction down – Euro bulls waiting around the corner
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EUR/USD Technical Analysis: FOMC knee-jerk reaction down – Euro bulls waiting around the corner

EUR/USD daily chart

  • EUR/USD is evolving in a bear trend below the 200-day simple moving average (SMA).
  • EUR/USD dropped about 30 pips after the release of the FOMC Minutes which were less dovish than expected.
  • However, this is most likely to be seen as a small pullback down as Euro bulls should be back rather soon.

EUR/USD 4-hour chart

  • EUR/USD is currently rejecting the 100 SMA.

EUR/USD 30-minute chart

  • EUR/USD is trading above the 200 SMA but bears are trying to  brake  below the 50 SMA suggesting a pullback.
  • Bulls are still in contriol and a break above 1.1360 should lead to 1.1380 and 1.1400 figure.
  • To the downside, support is at 1.1330 and 1.1280 key level.

 

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1341
       Today Daily change:  -2  pips
       Today Daily change %:  -0.02%
       Today Daily Open:  1.1343
Trends:
       Daily SMA20:  1.1368
       Daily SMA50:  1.1392
       Daily SMA100:  1.14
       Daily SMA200:  1.1524
Levels:
       Previous Daily High:  1.1358
       Previous Daily Low:  1.1276
       Previous Weekly High:  1.1344
       Previous Weekly Low:  1.1234
       Previous Monthly High:  1.1586
       Previous Monthly Low:  1.1289
       Daily Fibonacci 38.2%:  1.1327
       Daily Fibonacci 61.8%:  1.1307
       Daily Pivot Point S1:  1.1293
       Daily Pivot Point S2:  1.1243
       Daily Pivot Point S3:  1.121
       Daily Pivot Point R1:  1.1376
       Daily Pivot Point R2:  1.1409
       Daily Pivot Point R3:  1.1459

 

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