fxs_header_sponsor_anchor

News

EUR/USD technical analysis: Euro consolidating gains below 1.1400 resistance

  • EUR/USD is turning bullish above its main daily simple moving averages.
  • The level to beat for bulls is the 1.1420 resistance. 

EUR/USD daily chart


EUR/USD is trading above its main daily simple moving averages suggesting that the trend is turning bullish.

EUR/USD 4-hour chart


The market is trading above its main SMAs suggesting bullish momentum. The market is finding some resistance at the 1.1400 level. The correction down can potentially extend to 1.1340 and 1.1310 support, according to the Technical Confluences Indicator


EUR/USD 30-minute chart


EUR/USD is trading above its main SMAs suggesting a bullish bias in the near term. According to the Technical Confluences Indicator, resistances are at 1.1400, 1.1420 and 1.1440 levels.


Additional key levels
 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.