EUR/USD Technical Analysis: 1.1430 is a brick wall – More weakness in the New York session

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EUR/USD daily chart

  • EUR/USD is trading below its main simple moving averages (SMAs) on the daily chart. 


	EUR/USD Technical Analysis: 1.1430 is a brick wall - More weakness in the New York session

EUR/USD 4-hour chart

  • EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart. 
  • EUR/USD attempted to break above 1.1430 but the market sharply reversed down from the resistance, trapping bulls and bears in the process. 


	EUR/USD Technical Analysis: 1.1430 is a brick wall - More weakness in the New York session

EUR/USD 30-minute chart

  • EUR/USD created a double top with Wednesday and the current Thursday’s high. 
  • The price is struggling to hold above the 200 SMA as technical indicators are weakening. 
  • Targets to the downside are seen at 1.1350 and 1.1350 in the coming sessions. On the flip side 1.1430 and 1.1450 are strong resistances.


	EUR/USD Technical Analysis: 1.1430 is a brick wall - More weakness in the New York session

Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.1403
    Daily change: 20 pips
    Daily change: 0.176%
    Daily Open: 1.1383
Trends:
    Daily SMA20: 1.1368
    Daily SMA50: 1.1499
    Daily SMA100: 1.1555
    Daily SMA200: 1.1802
Levels:
    Daily High: 1.1426
    Daily Low: 1.1364
    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%: 1.1387
    Daily Pivot Point S1: 1.1356
    Daily Pivot Point S2: 1.1329
    Daily Pivot Point S3: 1.1294
    Daily Pivot Point R1: 1.1418
    Daily Pivot Point R2: 1.1453
    Daily Pivot Point R3: 1.148

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