EUR/USD Technical Analysis: Early Wednesday buyers should watch out for falling bears
|- After the EUR/USD's fantastic decline on Tuesday, the pair is seeing a mild bounceback into the 1.1385 region, though major intraday resistance rests at the 38.2% Fibo level of yesterday's contraction sits in confluence with the 1.1400 handle.
- EUR/USD Forecast: Overnight slump leads to a bearish bias ahead of EU's response to Italy
EUR/USD Chart, 5-Minute
- With the EUR/USD tracking back into previous swing highs, the pair runs the risk of descending into old bearish territory if bidders can't keep the price over the 1.1350 region.
EUR/USD Chart, 30-Minute
- The 4-hour candles show the Fiber making a rough rejection play off of both the 38.2% Fibo retracement level at 1.4445 as well as the 200-period moving average resting at 1.1430.
EUR/USD Chart, 4-Hour
EUR/USD
Overview:
Last Price: 1.1379
Daily change: 10 pips
Daily change: 0.0880%
Daily Open: 1.1369
Trends:
Daily SMA20: 1.1368
Daily SMA50: 1.1504
Daily SMA100: 1.1558
Daily SMA200: 1.1806
Levels:
Daily High: 1.1473
Daily Low: 1.1358
Weekly High: 1.142
Weekly Low: 1.1216
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.1402
Daily Fibonacci 61.8%: 1.1429
Daily Pivot Point S1: 1.1327
Daily Pivot Point S2: 1.1284
Daily Pivot Point S3: 1.1211
Daily Pivot Point R1: 1.1442
Daily Pivot Point R2: 1.1515
Daily Pivot Point R3: 1.1558
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