EUR/USD technical anlysis: Fiber breaks above 1.1263 within its daily range

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  • EUR/USD breaks above 1.1263 opening the doors to 1.1274 resistance.
  • The level to beat for sellers is 1.1245 followed by 1.1220.

EUR/USD daily chart

EUR/USD is in a bear trend below the 1.1300 handle and its 200-day simple moving averages (DSMAs). The market is trading just above the 100 SMA.

EUR/USD 4-hour chart

EUR/USD broke above 1.1263 resistance opening the doors to 1.1274 resistance, according to the Technical Confluences Indicator.


EUR/USD 30-minute chart

EUR/USD is trading above its main SMAs suggesting bullish momentum in the near term. If bears want to retake control they would need a beak below 1.1245 support followed by 1.1220.


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