EUR/USD Technical Analysis: flirting with 1.14, 4H 200MA is offering support
The EUR/USD pair is on the defensive at 1.14, although the downside is being capped by the 4-hour 200-candle MA of 1.1390.
4-hour chart
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The lower highs and lower lows, as seen in the above chart, indicate that the path of least resistance is to the downside. The relative strength index (RSI) is also biased bearish below 50.00.
Even so, the 200-candle simple moving average (SMA) support is proving a tough nut to crack. Hence, that MA of 1.1390 is the now the level to beat for the bears.
Acceptance under that would open up downside toward 1.1306 (Jan. 3 low). On the higher side, a move above the 10-day MA of 1.1450 would weaken the bearish pressure.
Trend: bearish
EUR/USD
Overview:
Today Last Price: 1.14
Today Daily change: -13 pips
Today Daily change %: -0.114%
Today Daily Open: 1.1413
Trends:
Previous Daily SMA20: 1.1432
Previous Daily SMA50: 1.1385
Previous Daily SMA100: 1.1471
Previous Daily SMA200: 1.1619
Levels:
Previous Daily High: 1.1491
Previous Daily Low: 1.1382
Previous Weekly High: 1.1571
Previous Weekly Low: 1.1396
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Previous Daily Fibonacci 38.2%: 1.1424
Previous Daily Fibonacci 61.8%: 1.145
Previous Daily Pivot Point S1: 1.1366
Previous Daily Pivot Point S2: 1.1319
Previous Daily Pivot Point S3: 1.1257
Previous Daily Pivot Point R1: 1.1476
Previous Daily Pivot Point R2: 1.1538
Previous Daily Pivot Point R3: 1.1585