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EUR/USD Technical Analysis: Consolidation range likely to be challenged early 2019

  • Since November, the EUR/USD pair has been trading sideways. The weekly chart shows the two key technical levels: 1.1500 and 1.1300, the upper and lower limit of the range. 
  • A weekly close above 1.1500 would point to more gains for the euro with an near term target around 1.1600 and above it could extend to levels close to 1.1800. 
  • On the flip side, a close under 1.1300 would point from a technical perspective to more losses, a test of 2018 lows and also 1.1200. 
  • The current range could be tested early in 2019 taking into account that the current week is the tenth that EUR/USD has been moving around 1.1400. 

EUR/USD Daily Chart



    Today Last Price: 1.1434
    Today Daily change: -8.0 pips
    Today Daily change %: -0.0699%
    Today Daily Open: 1.1442
    Previous Daily SMA20: 1.1375
    Previous Daily SMA50: 1.1373
    Previous Daily SMA100: 1.1478
    Previous Daily SMA200: 1.1671
    Previous Daily High: 1.1478
    Previous Daily Low: 1.1426
    Previous Weekly High: 1.1478
    Previous Weekly Low: 1.1343
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1458
    Previous Daily Fibonacci 61.8%: 1.1445
    Previous Daily Pivot Point S1: 1.1419
    Previous Daily Pivot Point S2: 1.1396
    Previous Daily Pivot Point S3: 1.1367
    Previous Daily Pivot Point R1: 1.1471
    Previous Daily Pivot Point R2: 1.15
    Previous Daily Pivot Point R3: 1.1523


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