OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD Technical Analysis: Bears defend the 1.1400 figure

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 50, 100 and 200-day simple moving average (SMA).
  • As forecast EUR/USD pulled back up to the 1.1385 level where it found resistance.  

EUR/USD 4-hour chart

  • EUR/USD is currently trading above its main SMAs. 


EUR/USD 30-minute chart

  • EUR/USD is trading above its 200 SMA but the price is having a hard time to get above 1.1400 figure.
  • Tuesday is likely going to be choppy session but the overall bias remains bearish. 

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1382
    Today Daily change: 27 pips
    Today Daily change %: 0.238%
    Today Daily Open: 1.1355
Trends:
    Previous Daily SMA20: 1.1359
    Previous Daily SMA50: 1.1413
    Previous Daily SMA100: 1.1511
    Previous Daily SMA200: 1.1738
Levels:
    Previous Daily High: 1.1444
    Previous Daily Low: 1.135
    Previous Weekly High: 1.1424
    Previous Weekly Low: 1.1311
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1386
    Previous Daily Fibonacci 61.8%: 1.1408
    Previous Daily Pivot Point S1: 1.1322
    Previous Daily Pivot Point S2: 1.129
    Previous Daily Pivot Point S3: 1.1229
    Previous Daily Pivot Point R1: 1.1415
    Previous Daily Pivot Point R2: 1.1476
    Previous Daily Pivot Point R3: 1.1509

 

US PPI rises 2.5% y/y in November vs 2.5% expected and 2.9% previous

"The Producer Price Index for final demand edged up 0.1 percent in November, seasonally adjusted," the U.S. Bureau of Labor Statistics reported today.
Read more Previous

Former Canadian diplomat detained in China - Reuters

According to a Reuters report, former Canadian diplomat Michael Kovrig, a senior advisor for the International Crisis Group, was detained in China, th
Read more Next
Start livechat