fxs_header_sponsor_anchor

News

EUR/USD Technical Analysis: Spot poised for some consolidation near term. Resistance at 21-day SMA at 1.1616

  • The pair has started the week on a positive note so far, leaving behind Friday’s pullback.
  • Initial support emerges at the 10-day SMA in the 1.1530 region, coincident with recent lows. A breakdown of this zone should pave the way for another test of the key support at the 1.1500 neighbourhood.
  • On the upside, the 1.1616/28 band, where converge the 21- and 100-day SMA, appears as the initial hurdle ahead of a potential test of September’s peaks near 1.1800 the figure.

EUR/USD daily chart

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:
    Last Price: 1.1569
    Daily change: 9.0 pips
    Daily change: 0.0779%
    Daily Open: 1.156
Trends:
    Daily SMA20: 1.1617
    Daily SMA50: 1.1585
    Daily SMA100: 1.1628
    Daily SMA200: 1.1921
Levels:
    Daily High: 1.1611
    Daily Low: 1.1534
    Weekly High: 1.1611
    Weekly Low: 1.143
    Monthly High: 1.1816
    Monthly Low: 1.143
    Daily Fibonacci 38.2%: 1.1564
    Daily Fibonacci 61.8%: 1.1582
    Daily Pivot Point S1: 1.1526
    Daily Pivot Point S2: 1.1492
    Daily Pivot Point S3: 1.1449
    Daily Pivot Point R1: 1.1602
    Daily Pivot Point R2: 1.1645
    Daily Pivot Point R3: 1.1679

 

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.