EUR/USD Technical Analysis: Bears getting trapped as Euro is set to revisit 1.1400 in the near future

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  • EUR/USD is trading in a bear trend below the 200-period simple moving average. 
  • EUR/USD found strong support above the 1.1200 level and bulls brought the market back to 1.1350 earlier in the week. 
  • Since Monday bears have been pretty absent and the current attempt to break below 1.1300 is likely set to fail as the Stochastic is still above 50 and displaying bullish momentum in the market. 

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Bears getting trapped as Euro is set to revisit 1.1400 in the near future

Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.1298
    Daily change: -25 pips
    Daily change: -0.221%
    Daily Open: 1.1323
Trends:
    Daily SMA20: 1.1385
    Daily SMA50: 1.152
    Daily SMA100: 1.1568
    Daily SMA200: 1.1824
Levels:
    Daily High: 1.1348
    Daily Low: 1.1263
    Weekly High: 1.15
    Weekly Low: 1.1316
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1315
    Daily Fibonacci 61.8%: 1.1295
    Daily Pivot Point S1: 1.1274
    Daily Pivot Point S2: 1.1226
    Daily Pivot Point S3: 1.119
    Daily Pivot Point R1: 1.1359
    Daily Pivot Point R2: 1.1396
    Daily Pivot Point R3: 1.1444

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