EUR/USD Technical Analysis: Is there fuel in the bulls tank as Euro lands near 1.1430 support ?

13
  • EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
  • EUR/USD retreated from 1.1500 figure to find some support near 1.1430 as the New York session is coming to end. EUR/USD is keeping a mild bullish bias as long as it trades near 1.1430.
  • Bulls might try to recapture the 1.1470 (Asian high) but a breakout above 1.1500 seems unlikely. The RSI, MACD and Stochastic indicators are decelerating suggesting a potential move down in the last two days of the week.  

 EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Is there fuel in the bulls tank as Euro lands near 1.1430 support ?

Main trend:             Bearish

Resistance 1:   1.1470 Asian high (Nov.7) 
Resistance 2:   1.1500 figure and October 2 swing low 
Resistance 3:   1.1530 August 23 swing low (key level)
Resistance 4:   1.1600 figure

Support 1:   1.1430 October 9 low
Support 2:   1.1400 figure
Support 3:   1.1350 figure
Support 4:   1.1300 current 2018 low

Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.1436
    Daily change: 18 pips
    Daily change: 0.158%
    Daily Open: 1.1418
Trends:
    Daily SMA20: 1.1453
    Daily SMA50: 1.1557
    Daily SMA100: 1.1586
    Daily SMA200: 1.1857
Levels:
    Daily High: 1.1438
    Daily Low: 1.1392
    Weekly High: 1.1456
    Weekly Low: 1.1302
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.142
    Daily Fibonacci 61.8%: 1.1409
    Daily Pivot Point S1: 1.1394
    Daily Pivot Point S2: 1.1369
    Daily Pivot Point S3: 1.1347
    Daily Pivot Point R1: 1.144
    Daily Pivot Point R2: 1.1462
    Daily Pivot Point R3: 1.1487

LEAVE A REPLY

Please enter your comment!
Please enter your name here