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EUR/USD Technical Analysis: Bulls looking for a foothold above 1.1350

  • The EUR/USD is seeing fresh bidding in Thursday's early action as market flows reverse out of the Greenback for the time being, taking the Fiber back up into Wednesday's peaks near 1.1360 and challenging the 200-period moving average on 15-minute candles.

EUR/USD, M15

  • Hourly candlesticks see a confluence of the 15-minute and 1-hour 200-period moving averages, further hampering bullish price action, and the Fiber remains trapped in a LH/LL  pattern from previous weeks.

EUR/USD, H1

  • Going back over the past two months, the EUR/USD sees continued downside pressure as the Euro remains off-balance largely due to macro factors including a recovering US Dollar and Italian budget woes, keeping the Fiber hobbled below the 1.1500 critical handle.

EUR/USD, H4

EUR/USD

Overview:
    Last Price: 1.1344
    Daily change: 32 pips
    Daily change: 0.283%
    Daily Open: 1.1312
Trends:
    Daily SMA20: 1.1472
    Daily SMA50: 1.1575
    Daily SMA100: 1.1593
    Daily SMA200: 1.1876
Levels:
    Daily High: 1.1362
    Daily Low: 1.1302
    Weekly High: 1.1551
    Weekly Low: 1.1336
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1325
    Daily Fibonacci 61.8%: 1.1339
    Daily Pivot Point S1: 1.1289
    Daily Pivot Point S2: 1.1266
    Daily Pivot Point S3: 1.1229
    Daily Pivot Point R1: 1.1348
    Daily Pivot Point R2: 1.1385
    Daily Pivot Point R3: 1.1408

 

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