EUR/USD Technical Analysis: Euro capped by 1.1430 strong resistance as bears get ready for a drop to 1.1350 level

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EUR/USD 4-hour chart

  • EUR/USD is challenging the 200-period simple moving average on the 4-hour chart. 
  • EUR/USD is also testing the important 1.1430 resistance. At this stage, it is likely that bulls will not be able to break this strong resistance level and a drop all the way back to 1.1350 can be in the making. 
  • Technical indicators are still bullish but the Stochastic is already in the overbought zone, suggesting imminent bearish action.


	EUR/USD Technical Analysis: Euro capped by 1.1430 strong resistance as bears get ready for a drop to 1.1350 level

Additional key levels to look at:

EUR/USD

Overview:
    Last Price: 1.1438
    Daily change: 22 pips
    Daily change: 0.193%
    Daily Open: 1.1416
Trends:
    Daily SMA20: 1.1374
    Daily SMA50: 1.1512
    Daily SMA100: 1.1563
    Daily SMA200: 1.1815
Levels:
    Daily High: 1.142
    Daily Low: 1.132
    Weekly High: 1.142
    Weekly Low: 1.1216
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1382
    Daily Fibonacci 61.8%: 1.1358
    Daily Pivot Point S1: 1.135
    Daily Pivot Point S2: 1.1284
    Daily Pivot Point S3: 1.1249
    Daily Pivot Point R1: 1.1451
    Daily Pivot Point R2: 1.1486
    Daily Pivot Point R3: 1.1552

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