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Dec 27, 2018
EUR/USD Technical Analysis: Bullish but still limited by 1.1430
- The EUR/USD pair is rising today, it erased yesterday’s losses and is back near a critical technical resistance area.
- Short-term indicators favor the upside. The euro needs to rise and hold above 1.1430 to gain more strength to extend the rally to 1.1445/50, the next critical level to watch. Above that level, more gains seem likely.
- A failure at current levels would signal more consolidation ahead between 1.1350 and 1.1400. In the next hours, a slide below 1.1405 would point to more losses.
EUR/USD 15-minute chart
- The pair continues to move in a range with a modest bullish bias. Above 1.1450, a test of 1.1500 seems likely. On the flip side, a consolidation under 1.1350 would weaken the euro, leading to a slide to 1.1310.
EUR/USD 4-hour chart
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EUR/USD
Overview:
Today Last Price: 1.1406
Today Daily change: 52 pips
Today Daily change %: 0.458%
Today Daily Open: 1.1354
Trends:
Previous Daily SMA20: 1.1366
Previous Daily SMA50: 1.1374
Previous Daily SMA100: 1.1479
Previous Daily SMA200: 1.1679
Levels:
Previous Daily High: 1.1422
Previous Daily Low: 1.1343
Previous Weekly High: 1.1486
Previous Weekly Low: 1.1302
Previous Monthly High: 1.15
Previous Monthly Low: 1.1216
Previous Daily Fibonacci 38.2%: 1.1373
Previous Daily Fibonacci 61.8%: 1.1392
Previous Daily Pivot Point S1: 1.1324
Previous Daily Pivot Point S2: 1.1294
Previous Daily Pivot Point S3: 1.1246
Previous Daily Pivot Point R1: 1.1403
Previous Daily Pivot Point R2: 1.1451
Previous Daily Pivot Point R3: 1.1481