EUR/USD Technical Analysis: Range prevails with a slight bias to the downside

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  • The euro failed to break above 1.1400 and pulled back. Ahead of the Fed’s decision, the pair continues to move sideways. 
  • The EUR/USD remains in a range between 1.1300 and 1.1400, moving without a clear bias, with the dominant trend still pointing to the downside. A daily close above 1.1400, also the 55-day moving average, would open the doors for a test of the strong resistance levels seen at 1.1450. It the euro manages to consolidate on top, a rally to test 1.1520 seems likely. 
  • A daily close significantly below 1.1300 would add to the negative tone, exposing 1.1260/70 first and below YTD lows at 1.1215/20. 

EUR/USD Daily Chart


	EUR/USD Technical Analysis: Range prevails with a slight bias to the downside

EUR/USD

Overview:
    Today Last Price: 1.1356
    Today Daily change: 10 pips
    Today Daily change %: 0.0881%
    Today Daily Open: 1.1346
Trends:
    Previous Daily SMA20: 1.1354
    Previous Daily SMA50: 1.1396
    Previous Daily SMA100: 1.1494
    Previous Daily SMA200: 1.1712
Levels:
    Previous Daily High: 1.136
    Previous Daily Low: 1.1302
    Previous Weekly High: 1.1444
    Previous Weekly Low: 1.1269
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1337
    Previous Daily Fibonacci 61.8%: 1.1324
    Previous Daily Pivot Point S1: 1.1312
    Previous Daily Pivot Point S2: 1.1278
    Previous Daily Pivot Point S3: 1.1254
    Previous Daily Pivot Point R1: 1.1369
    Previous Daily Pivot Point R2: 1.1393
    Previous Daily Pivot Point R3: 1.1427

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