EUR/USD Technical Analysis: Euro bulls recovering some lost ground as 1.1300 is back on the radar
- EUR/USD is trading in a bear trend below the 200-period simple moving average.
- EUR/USD is having a pullback up after the recent fall from the 1.1500 level. Technical indicators are still in negative territories but are getting out of the ovesold condition, suggesting potential gains ahead.
- EUR/USD bulls objective is to reclaim the 1.1300 figure.
EUR/USD 4-hour chart
-636777124846773451.png)
Main trend: Bearish
Resistance 1: 1.1300 figure
Resistance 2: 1.1350 figure
Resistance 3: 1.1400 figure
Resistance 4: 1.1430 October 9 low
Resistance 5: 1.1470 Asian high (Nov.7)
Support 1: 1.1215 November 12 low
Support 2: 1.1200 figure
Support 3: 1.1104 June 6, 2017 low
Additional key levels at a glance:
EUR/USD
Overview:
Last Price: 1.1261
Daily change: 27 pips
Daily change: 0.240%
Daily Open: 1.1234
Trends:
Daily SMA20: 1.1408
Daily SMA50: 1.1532
Daily SMA100: 1.1574
Daily SMA200: 1.1835
Levels:
Daily High: 1.1334
Daily Low: 1.1234
Weekly High: 1.15
Weekly Low: 1.1316
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.1272
Daily Fibonacci 61.8%: 1.1295
Daily Pivot Point S1: 1.12
Daily Pivot Point S2: 1.1167
Daily Pivot Point S3: 1.11
Daily Pivot Point R1: 1.13
Daily Pivot Point R2: 1.1367
Daily Pivot Point R3: 1.14