EUR/USD Technical Analysis: Bulls marching towards 1.1300 key resistance level as positive Brexit headlines help the Euro

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EUR/USD daily chart


	EUR/USD Technical Analysis: Bulls marching towards 1.1300 key resistance level as positive Brexit headlines help the Euro

  • EUR/USD found support at the bullish trendline from August 2017.

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Bulls marching towards 1.1300 key resistance level as positive Brexit headlines help the Euro

  • Euro bulls are very close to reaching the 1.1300 figure. 
  • The RSI is still in negative territories below 50, the MACD is crossing over from below and the Stochastic is rising from the oversold area. 
  • If 1.1300 is broken then a potential rise to 1.3153 November 5 low can be on the cards.

EUR/USD 30-minute chart


	EUR/USD Technical Analysis: Bulls marching towards 1.1300 key resistance level as positive Brexit headlines help the Euro

  • The 1.1300 level will most likely offer strong resistance. 
  • Bears see 1.1300 as an opportunity to short. 
  • A pullback to 1.1250 can be an opportunity for bulls to join the potential bull trend. 

Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.1287
    Daily change: 53 pips
    Daily change: 0.472%
    Daily Open: 1.1234
Trends:
    Daily SMA20: 1.1408
    Daily SMA50: 1.1532
    Daily SMA100: 1.1574
    Daily SMA200: 1.1835
Levels:
    Daily High: 1.1334
    Daily Low: 1.1234
    Weekly High: 1.15
    Weekly Low: 1.1316
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1272
    Daily Fibonacci 61.8%: 1.1295
    Daily Pivot Point S1: 1.12
    Daily Pivot Point S2: 1.1167
    Daily Pivot Point S3: 1.11
    Daily Pivot Point R1: 1.13
    Daily Pivot Point R2: 1.1367
    Daily Pivot Point R3: 1.14

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