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7 Nov 2018
EUR/USD Technical Analysis: The pair could re-visit the 1.1500 neighbourhood in the near term
- EUR/USD keeps the upside momentum intact on Wednesday, looking to consolidate the recent breakout of the key 1.1400 barrier.
- A close above recent tops near 1.1460 is needed to restore the upside pressure and attempt another visit to the critical resistance in the 1.1500 neighbourhood, ahead of the 1.1562/85 band, where converge the 55-day SMA and 100-day SMA.
- Looking south, the 10-day SMA at 1.1392 should offer interim contention ahead of Monday’s low at 1.1356. A breakdown of this area should open the door to the key 1.1300 neighbourhood.
EUR/USD daily chart
EUR/USD
Overview:
Last Price: 1.1466
Daily change: 48 pips
Daily change: 0.420%
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