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  • The Euro is making halting progress against the US Dollar, but the upside remains constrained by near-term resistance from 1.1540.
  • This week’s action has seen a rising trendline form a bullish wedge into resistance, and buyers will be looking to haul the EUR/USD over the key level in an effort to target 1.16 again.
  • Bearish swings are keeping the pair from a smooth transition, but the Greenback could be set for a swing lower.

EUR/USD Chart, 15-Minute


       Last Price:  1.1536
       Daily change:  15  pips
       Daily change:  0.130%
       Daily Open:  1.1521
       Daily SMA20:  1.1625
       Daily SMA50:  1.1585
       Daily SMA100:  1.163
       Daily SMA200:  1.1925
       Daily High:  1.1546
       Daily Low:  1.148
       Weekly High:  1.1625
       Weekly Low:  1.1464
       Monthly High:  1.1816
       Monthly Low:  1.1464
       Daily Fibonacci 38.2%:  1.1521
       Daily Fibonacci 61.8%:  1.1505
       Daily Pivot Point S1:  1.1485
       Daily Pivot Point S2:  1.1449
       Daily Pivot Point S3:  1.1419
       Daily Pivot Point R1:  1.1552
       Daily Pivot Point R2:  1.1582
       Daily Pivot Point R3:  1.1618