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EUR/USD Technical Analysis: Set-up points to a possible move towards 1.1500 handle

   •  The pair's softer German CPI-led retracement slide from weekly tops managed to find some support near the lower end of an intraday ascending trend-channel.

EUR/USD 15-mins. chart

   •  Meanwhile, a bullish cross-over on the 1-hourly chart - 50-hour SMA moving above 100-hour and 200-hour SMA, support prospects for additional near-term gains.

   •  Bullish technical indicators on hourly/daily charts further reinforce the bullish set-up and set the stage for an extension of the pair's ongoing positive momentum.

1-hourly chart

   •  However, it would be prudent to wait for a sustained move beyond 100-day SMA, before positioning for further appreciating move towards the 1.1500 handle.

EUR/USD

Overview:
    Today Last Price: 1.1465
    Today Daily change: 25 pips
    Today Daily change %: 0.219%
    Today Daily Open: 1.144
Trends:
    Previous Daily SMA20: 1.1369
    Previous Daily SMA50: 1.1374
    Previous Daily SMA100: 1.1478
    Previous Daily SMA200: 1.1675
Levels:
    Previous Daily High: 1.1454
    Previous Daily Low: 1.1348
    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%: 1.1414
    Previous Daily Fibonacci 61.8%: 1.1389
    Previous Daily Pivot Point S1: 1.1374
    Previous Daily Pivot Point S2: 1.1308
    Previous Daily Pivot Point S3: 1.1268
    Previous Daily Pivot Point R1: 1.148
    Previous Daily Pivot Point R2: 1.152
    Previous Daily Pivot Point R3: 1.1586

 

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