EUR/USD Technical Analysis: Euro remains contained in a 40-pip range

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving averages.

EUR/USD 4-hour chart

EUR/USD is above the 1.1300 key level.
EUR/USD is trading between the 50 and 100 SMA suggesting a consolidation phase.

EUR/USD 30-minute chart

EUR/USD is trading in a tight range between 1.1320 and 1.1360.
On a breakout above 1.1360, the 1.1380 and 1.1400 level can become the next resistances.
A break below 1.1320 on a daily closing basis could see 1.1280 key level revisited.

Additional key levels:

EUR/USD

Overview:
    Today Last Price: 1.1338
    Today Daily change: -1 pips
    Today Daily change %: -0.01%
    Today Daily Open: 1.1339
Trends:
    Daily SMA20: 1.1367
    Daily SMA50: 1.1391
    Daily SMA100: 1.1397
    Daily SMA200: 1.1519
Levels:
    Previous Daily High: 1.1368
    Previous Daily Low: 1.1318
    Previous Weekly High: 1.1344
    Previous Weekly Low: 1.1234
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1337
    Daily Fibonacci 61.8%: 1.1349
    Daily Pivot Point S1: 1.1315
    Daily Pivot Point S2: 1.1292
    Daily Pivot Point S3: 1.1266
    Daily Pivot Point R1: 1.1365
    Daily Pivot Point R2: 1.1391
    Daily Pivot Point R3: 1.1414

Author

Flavio Tosti

Independent Analyst

EUR/USD treads water above 1.1850 amid thin trading

EUR/USD stays defensive but holds 1.1850 amid quiet markets in the European hours on Monday. The US Dollar is struggling for direction due to thin liquidity conditions as US markets are closed in observance of Presidents' Day.

GBP/USD flat lines as traders await key UK and US macro data

GBP/USD kicks off a new week on a subdued note and oscillates in a narrow range near 1.365 in Monday's European trading. The mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold sticks to intraday losses; lacks follow-through

Gold remains depressed through the early European session on Monday, though it has managed to rebound from the daily trough and currently trades around the $5,000 psychological mark. Moreover, a combination of supporting factors warrants some caution for aggressive bearish traders, and before positioning for deeper losses.

Bitcoin, Ethereum and Ripple consolidate within key ranges as selling pressure eases

Bitcoin and Ethereum prices have been trading sideways within key ranges following the massive correction. Meanwhile, XRP recovers slightly, breaking above the key resistance zone. The top three cryptocurrencies hint at a potential short-term recovery, with momentum indicators showing fading bearish signs.

The week ahead: Key inflation readings and why the AI trade could be overdone

It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.

Monero Price Forecast: XMR risks a drop below $300 under mounting bearish pressure

Monero (XMR) starts the week under pressure, recording a 4% decline at press time on Monday after a 7% drop the previous day, putting the $300 support zone in focus.