EUR/USD Technical Analysis: Fails to sustain/build on momentum beyond 1.1600

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   •  This week's recovery move from seven-week low stalled ahead of 100-period SMA on the 4-hourly chart and the pair struggled to sustain/build on an early momentum beyond the 1.1600 handle.

   •  Short-term technical indicators on the mentioned chart maintain a positive bias and the pair continues to hold above important intraday moving averages – 50, 100 & 200-hour SMAs. 

   •  The set-up clearly points to a more near-term positive outlook and hence, dip-buying interest should help limit any immediate sharp downfall amid absent market moving economic releases.
 

EUR/USD 4-hourly chart


	EUR/USD Technical Analysis: Fails to sustain/build on momentum beyond 1.1600

EUR/USD

Overview:
    Last Price: 1.1578
    Daily change: -16 pips
    Daily change: -0.138%
    Daily Open: 1.1594
Trends:
    Daily SMA20: 1.1621
    Daily SMA50: 1.1586
    Daily SMA100: 1.1629
    Daily SMA200: 1.1923
Levels:
    Daily High: 1.16
    Daily Low: 1.1519
    Weekly High: 1.1625
    Weekly Low: 1.1464
    Monthly High: 1.1816
    Monthly Low: 1.1464
    Daily Fibonacci 38.2%: 1.1569
    Daily Fibonacci 61.8%: 1.155
    Daily Pivot Point S1: 1.1542
    Daily Pivot Point S2: 1.149
    Daily Pivot Point S3: 1.1461
    Daily Pivot Point R1: 1.1623
    Daily Pivot Point R2: 1.1652
    Daily Pivot Point R3: 1.1704

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