- The previous twenty-four hours of chart activity has the EUR/USD testing into Friday's highs near 1.1535, but the pair's bullish momentum continues to see downside risks as the 50-period moving average keeps the pair from running ahead of itself, and the supporting 200-period moving average is beginning to draw prices back into its trap.
- EUR/USD analysis: more uncertainty ahead
EUR/USD, M5
- The last week has seen the Fiber take a step lower, slipping beneath a previous support level at the 1.1535 region, and resistance is beginning to pile up as the 200-period moving average crosses below the key resistance barrier.
EUR/USD, M30
- Over the past month the EUR/USD has slipped from a peak just shy of the 1.1800 major handle, facing declines all the way into 1.1433, and despite support from the 1.1460 zone, the pair has been unable to retake the 38.2% Fibo retracement level of the Fiber's decline, currently sitting at 1.1570, just beyond the declining trendline, currently plotted in as resistance near 1.1550.
EUR/USD, H4
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EUR/USD
Overview:
Last Price: 1.1511
Daily change: -20 pips
Daily change: -0.173%
Daily Open: 1.1531
Trends:
Daily SMA20: 1.1571
Daily SMA50: 1.1584
Daily SMA100: 1.1623
Daily SMA200: 1.1909
Levels:
Daily High: 1.154
Daily Low: 1.1531
Weekly High: 1.1622
Weekly Low: 1.1433
Monthly High: 1.1816
Monthly Low: 1.1526
Daily Fibonacci 38.2%: 1.1496
Daily Fibonacci 61.8%: 1.1472
Daily Pivot Point S1: 1.1453
Daily Pivot Point S2: 1.1392
Daily Pivot Point S3: 1.1351
Daily Pivot Point R1: 1.1555
Daily Pivot Point R2: 1.1596
Daily Pivot Point R3: 1.1657
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