EUR/USD Technical Analysis: Euro bulls challenging 1.1380 resistance ahead of ECB on Thursday

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EUR/USD daily chart 

  • EUR/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages (SMAs).
  • The European Central Bank (ECB) rate decision and its press conference can lead to high volatility in the forex market this Thursday.


	EUR/USD Technical Analysis: Euro bulls challenging 1.1380 resistance ahead of ECB on Thursday

EUR/USD 4-hour chart

  • EUR/USD is trading below the main SMAs near the 2019 low.


	EUR/USD Technical Analysis: Euro bulls challenging 1.1380 resistance ahead of ECB on Thursday

EUR/GBP 30-minute chart

  • EUR/USD is stabilizing near the 1.1350 level. 
  • The sellers seem rather reluctant to continue the downtrend as bulls are challenging the 1.1380 level.
  • The 1.1430 and 1.1470 levels are seen as bullish target to the upside in the coming sessions.


	EUR/USD Technical Analysis: Euro bulls challenging 1.1380 resistance ahead of ECB on Thursday

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1366
    Today Daily change: 14 pips
    Today Daily change %: 0.12%
    Today Daily Open: 1.1352
Trends:
    Daily SMA20: 1.1425
    Daily SMA50: 1.139
    Daily SMA100: 1.1458
    Daily SMA200: 1.1594
Levels:
    Previous Daily High: 1.1382
    Previous Daily Low: 1.1336
    Previous Weekly High: 1.1491
    Previous Weekly Low: 1.1353
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Daily Fibonacci 38.2%: 1.1353
    Daily Fibonacci 61.8%: 1.1364
    Daily Pivot Point S1: 1.1332
    Daily Pivot Point S2: 1.1311
    Daily Pivot Point S3: 1.1286
    Daily Pivot Point R1: 1.1377
    Daily Pivot Point R2: 1.1402
    Daily Pivot Point R3: 1.1423

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