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EUR/USD Technical Levels: Bull flag breakout favors a rally to 1.15

The EUR/USD pair's hourly chart is showing a bull flag breakout - a bullish continuation pattern - which represents a resumption of the rally seen before the pause.  

Hourly chart

  • The flag breakout validates has opened up upside towards 1.1591 (target as per the measured move method). Essentially, prospects of a bullish end of the day close above the 100-day moving average (MA) of 1.1477 have improved, courtesy of the flag breakout.
  • The major moving averages (50, 100, and 200) are trending north, indicating a bullish setup. 

Tend: Bullish

EUR/USD

Overview:
    Today Last Price: 1.1455
    Today Daily change: 15 pips
    Today Daily change %: 0.131%
    Today Daily Open: 1.144
Trends:
    Previous Daily SMA20: 1.1399
    Previous Daily SMA50: 1.1376
    Previous Daily SMA100: 1.1479
    Previous Daily SMA200: 1.1639
Levels:
    Previous Daily High: 1.1486
    Previous Daily Low: 1.1422
    Previous Weekly High: 1.1586
    Previous Weekly Low: 1.1309
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Previous Daily Fibonacci 38.2%: 1.1446
    Previous Daily Fibonacci 61.8%: 1.1461
    Previous Daily Pivot Point S1: 1.1413
    Previous Daily Pivot Point S2: 1.1386
    Previous Daily Pivot Point S3: 1.135
    Previous Daily Pivot Point R1: 1.1477
    Previous Daily Pivot Point R2: 1.1513
    Previous Daily Pivot Point R3: 1.154

 

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