Search ForexCrunch

   “¢   The pair snapped four consecutive days of losing streak and started retreating from the top end of an ascending trend-channel formation on the 1-hourly chart.

   “¢   Bears momentarily dragged the pair below an important confluence region near the 1.1300 handle – comprising of the trend-channel support and 50-hour EMA.

   “¢   Oscillators on the daily chart maintained their bearish bias and have been losing momentum on the 1-hourly chart, adding credence to the near-term bearish set-up.

   “¢   Hence, the emergence of technical selling has the potential to accelerate the intraday bearish trajectory towards 1.1280 intermediate support en-route the 1.1250-40 region.  

EUR/USD 1-hourly chart


       Today Last Price:  1.1301
       Today Daily change:  -27  pips
       Today Daily change %:  -0.24%
       Today Daily Open:  1.1328
       Daily SMA20:  1.1318
       Daily SMA50:  1.1369
       Daily SMA100:  1.137
       Daily SMA200:  1.1492
       Previous Daily High:  1.134
       Previous Daily Low:  1.1278
       Previous Weekly High:  1.1388
       Previous Weekly Low:  1.1176
       Previous Monthly High:  1.1489
       Previous Monthly Low:  1.1234
       Daily Fibonacci 38.2%:  1.1316
       Daily Fibonacci 61.8%:  1.1301
       Daily Pivot Point S1:  1.129
       Daily Pivot Point S2:  1.1253
       Daily Pivot Point S3:  1.1228
       Daily Pivot Point R1:  1.1352
       Daily Pivot Point R2:  1.1377
       Daily Pivot Point R3:  1.1414