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EUR/USD Technical Analysis: Sideways corkscrew around 1.1350 to continue into the year-end

  • As the greenback waffles against broader markets, EUR/USD sees some much-needed support into intraday highs, but the pair is currently knocking into the 61.8% Fibonacci expansion level at 1.1390, which could see the pair struggle to develop further gains, with further resistance from the 100.0 level at 1.1415.

EUR/USD, 5-Minute

  • Frequent spikes into the 1.1400 region over recent weeks have routinely failed to generate lasting bullish momentum, leaving EUR/USD to continue spiraling in the 1.1425 - 1.1275 channel.

EUR/USD, 30-Minute

  • With EUR/USD tending towards the middle heading into the Christmas holiday, clear-cut moves into a new trend are unlikely until market volumes return in January, leaving the Fiber to return to the mean over time.

EUR/USD, 4-Hour

EUR/USD

Overview:
    Today Last Price: 1.1384
    Today Daily change: 20 pips
    Today Daily change %: 0.176%
    Today Daily Open: 1.1364
Trends:
    Previous Daily SMA20: 1.1354
    Previous Daily SMA50: 1.1394
    Previous Daily SMA100: 1.1491
    Previous Daily SMA200: 1.1708
Levels:
    Previous Daily High: 1.1404
    Previous Daily Low: 1.1337
    Previous Weekly High: 1.1444
    Previous Weekly Low: 1.1269
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1378
    Previous Daily Fibonacci 61.8%: 1.1362
    Previous Daily Pivot Point S1: 1.1332
    Previous Daily Pivot Point S2: 1.1301
    Previous Daily Pivot Point S3: 1.1265
    Previous Daily Pivot Point R1: 1.1399
    Previous Daily Pivot Point R2: 1.1435
    Previous Daily Pivot Point R3: 1.1466

 

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