EUR/USD Technical Analysis: Bearish divergence prompts some correction near term

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  • The pair gathered further traction on Friday and moved above the critical 1.1400 the figure, where it appears to have met some important resistance so far today.
  • The bearish divergence in the hourly RSI (14) hints at the likeliness that a correction lower could be in the offing in the short-term horizon.
  • Further upside, in the meantime, should regain the 1.1440/50 band, where converge a Fibo retracement of the September-November dop and the key 100-day SMA.

EUR/USD daily chart


	EUR/USD Technical Analysis: Bearish divergence prompts some correction near term

EUR/USD

Overview:
    Today Last Price: 1.1393
    Today Daily change: -0.0022 pips
    Today Daily change %: -0.19%
    Today Daily Open: 1.1415
Trends:
    Daily SMA20: 1.1418
    Daily SMA50: 1.139
    Daily SMA100: 1.1451
    Daily SMA200: 1.1579
Levels:
    Previous Daily High: 1.1418
    Previous Daily Low: 1.13
    Previous Weekly High: 1.1418
    Previous Weekly Low: 1.1289
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Daily Fibonacci 38.2%: 1.1373
    Daily Fibonacci 61.8%: 1.1345
    Daily Pivot Point S1: 1.1337
    Daily Pivot Point S2: 1.1259
    Daily Pivot Point S3: 1.1218
    Daily Pivot Point R1: 1.1456
    Daily Pivot Point R2: 1.1497
    Daily Pivot Point R3: 1.1575

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