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EUR/USD Technical Analysis: Euro bears challenging the 1.1500 figure as Fed’s Powell is speaking

EUR/USD Daily chart

  • EUR/USD is in a bear trend below the 200-period simple moving average (SMA). 
  • EUR/USD is testing the 1.1500 figure as Fed’s Powell is speaking at the Economic Club of Washington, D.C.

EUR/USD 4-hour chart

  • EUR/USD is trading above its main SMAs as bulls challenged the 2019 high.

EUR/USD 30-minute chart

  • The 1.1540 and 1.1560 resistances are currently capping bullish advances as traders are testing the 100 SMA.
  • If EUR/USD bears are able to break below 1.1470 they could drive the market to 1.1440 and 1.1400 in the near future.

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1506
    Today Daily change: -48 pips
    Today Daily change %: -0.415%
    Today Daily Open: 1.1554
Trends:
    Previous Daily SMA20: 1.1408
    Previous Daily SMA50: 1.1381
    Previous Daily SMA100: 1.1478
    Previous Daily SMA200: 1.1635
Levels:
    Previous Daily High: 1.1558
    Previous Daily Low: 1.1435
    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%: 1.1511
    Previous Daily Fibonacci 61.8%: 1.1482
    Previous Daily Pivot Point S1: 1.1473
    Previous Daily Pivot Point S2: 1.1392
    Previous Daily Pivot Point S3: 1.135
    Previous Daily Pivot Point R1: 1.1597
    Previous Daily Pivot Point R2: 1.1639
    Previous Daily Pivot Point R3: 1.172

 

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