EUR/USD Technical Analysis: Euro is trading above 1.1400 figure ahead of the Fed
EUR/USD daily chart
- EUR/USD is in a bear trend below the 100 and 200-day simple moving averages (SMAs).
- The Fed's Monetary Policy Statement at 19.00 GMT and the FOMC press conference this Wednesday can provide volatility in the forex market.
EUR/USD 4-hour chart
- EUR/USD is trading above its main SMAs suggesting bullish momentum in the medium-term.
EUR/USD 30-minute chart
- EUR/USD is trading above its 200 SMA suggesting bullish momentum.
- Bulls are currently testing the 1.1430 level and the 100 SMA. A break above the level should open the gates to 1.1470 and potentially up to 1.1500 figure if bulls gather enough steam.
- A daily close below 1.1380 would give the advantage to bears.
Additional key levels
EUR/USD
Overview:
Today Last Price: 1.1425
Today Daily change: -8 pips
Today Daily change %: -0.07%
Today Daily Open: 1.1433
Trends:
Daily SMA20: 1.1415
Daily SMA50: 1.1391
Daily SMA100: 1.1448
Daily SMA200: 1.1571
Levels:
Previous Daily High: 1.1451
Previous Daily Low: 1.1411
Previous Weekly High: 1.1418
Previous Weekly Low: 1.1289
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Daily Fibonacci 38.2%: 1.1436
Daily Fibonacci 61.8%: 1.1427
Daily Pivot Point S1: 1.1412
Daily Pivot Point S2: 1.1392
Daily Pivot Point S3: 1.1372
Daily Pivot Point R1: 1.1453
Daily Pivot Point R2: 1.1472
Daily Pivot Point R3: 1.1493