EUR/USD Technical Analysis: Upper bound of consolidation awaits near 1.1475

Intraday action for EUR/USD heading into 2019 sees the pair lifting from near-term lows from 1.1300- 1.1350, testing back into a familiar resistance zone from 1.1425, though Euro bidders are adamantly

Joshua Gibson FXStreet

EUR/USD, 15-Minute

Hourly candles show the Fiber's sideways spiral as the major pairing continues to struggle to separate itself from the 1.1400 major handle.

EUR/USD, 1-Hour

EUR/USD looks set for one more pass at the upper bound of rough consolidation near 1.1475, and the pair's two-month-plus ranging period looks set to continue into the new year.

EUR/USD, 4-Hour

EUR/USD

Overview:
    Today Last Price: 1.1424
    Today Daily change: 21 pips
    Today Daily change %: 0.184%
    Today Daily Open: 1.1403
Trends:
    Previous Daily SMA20: 1.1388
    Previous Daily SMA50: 1.1372
    Previous Daily SMA100: 1.148
    Previous Daily SMA200: 1.1647
Levels:
    Previous Daily High: 1.142
    Previous Daily Low: 1.1345
    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%: 1.1391
    Previous Daily Fibonacci 61.8%: 1.1374
    Previous Daily Pivot Point S1: 1.1359
    Previous Daily Pivot Point S2: 1.1315
    Previous Daily Pivot Point S3: 1.1285
    Previous Daily Pivot Point R1: 1.1433
    Previous Daily Pivot Point R2: 1.1463
    Previous Daily Pivot Point R3: 1.1507

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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