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  • EUR/USD keeps the upside momentum intact on Wednesday, looking to consolidate the recent breakout of the key 1.1400 barrier.
  • A close above recent tops near 1.1460 is needed to restore the upside pressure and attempt another visit to the critical resistance in the 1.1500 neighbourhood, ahead of the 1.1562/85 band, where converge the 55-day SMA and 100-day SMA.
  • Looking south, the 10-day SMA at 1.1392 should offer interim contention ahead of Monday’s low at 1.1356. A breakdown of this area should open the door to the key 1.1300 neighbourhood.

EUR/USD daily chart

 

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:
       Last Price:  1.1466
       Daily change:  48  pips
       Daily change:  0.420%
       Daily Open:  1.1418
Trends:
       Daily SMA20:  1.1453
       Daily SMA50:  1.1557
       Daily SMA100:  1.1586
       Daily SMA200:  1.1857
Levels:
       Daily High:  1.1438
       Daily Low:  1.1392
       Weekly High:  1.1456
       Weekly Low:  1.1302
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.142
       Daily Fibonacci 61.8%:  1.1409
       Daily Pivot Point S1:  1.1394
       Daily Pivot Point S2:  1.1369
       Daily Pivot Point S3:  1.1347
       Daily Pivot Point R1:  1.144
       Daily Pivot Point R2:  1.1462
       Daily Pivot Point R3:  1.1487