EUR/USD Technical Analysis: Euro bulls recovering some lost ground as 1.1300 is back on the radar

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  • EUR/USD is trading in a bear trend below the 200-period simple moving average.
  • EUR/USD is having a pullback up after the recent fall from the 1.1500 level. Technical indicators are still in negative territories but are getting out of the ovesold condition, suggesting potential gains ahead. 
  • EUR/USD bulls objective is to reclaim the 1.1300 figure.

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Euro bulls recovering some lost ground as 1.1300 is back on the radar

Main trend:             Bearish

Resistance 1:   1.1300 figure
Resistance 2:   1.1350 figure
Resistance 3:   1.1400 figure
Resistance 4:   1.1430 October 9 low
Resistance 5:   1.1470 Asian high (Nov.7) 

Support 1:   1.1215 November 12 low
Support 2:   1.1200 figure
Support 3:   1.1104 June 6, 2017 low

Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.1261
    Daily change: 27 pips
    Daily change: 0.240%
    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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