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EUR/USD Technical Analysis: 100-day EMA is key hurdle

  • The EUR/USD pair crossed the crucial 55-day exponential moving average (EMA) yesterday, confirming a bull breakout, but faced rejection at the 100-day EMA.
  • As a result, the 100-day EMA of 1.1484 is the level to beat for the bulls. That levels, however, could be put to test soon, as a break above the stiff resistance of 55-day EMA may have emboldened the bulls.
  • Further, the key MAs are not aligned in favor of the bulls. For instance, the 50, 100, and 200-hour moving averages (MAs) are now trending north and located one above the other in favor of the bulls. Also, the 5-day and 10-day MAs are sloping upwards.

Hourly Chart

Trend: Bullish


    Today Last Price: 1.1446
    Today Daily change: -14 pips
    Today Daily change %: -0.122%
    Today Daily Open: 1.146
    Previous Daily SMA20: 1.1356
    Previous Daily SMA50: 1.1388
    Previous Daily SMA100: 1.1487
    Previous Daily SMA200: 1.1698
    Previous Daily High: 1.1486
    Previous Daily Low: 1.136
    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%: 1.1438
    Previous Daily Fibonacci 61.8%: 1.1409
    Previous Daily Pivot Point S1: 1.1385
    Previous Daily Pivot Point S2: 1.131
    Previous Daily Pivot Point S3: 1.1259
    Previous Daily Pivot Point R1: 1.1511
    Previous Daily Pivot Point R2: 1.1562
    Previous Daily Pivot Point R3: 1.1637


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