EUR/USD Technical Analysis: Range prevails with a slight bias to the downside
- The euro failed to break above 1.1400 and pulled back. Ahead of the Fed’s decision, the pair continues to move sideways.
- The EUR/USD remains in a range between 1.1300 and 1.1400, moving without a clear bias, with the dominant trend still pointing to the downside. A daily close above 1.1400, also the 55-day moving average, would open the doors for a test of the strong resistance levels seen at 1.1450. It the euro manages to consolidate on top, a rally to test 1.1520 seems likely.
- A daily close significantly below 1.1300 would add to the negative tone, exposing 1.1260/70 first and below YTD lows at 1.1215/20.
EUR/USD Daily Chart
EUR/USD
Overview:
Today Last Price: 1.1356
Today Daily change: 10 pips
Today Daily change %: 0.0881%
Today Daily Open: 1.1346
Trends:
Previous Daily SMA20: 1.1354
Previous Daily SMA50: 1.1396
Previous Daily SMA100: 1.1494
Previous Daily SMA200: 1.1712
Levels:
Previous Daily High: 1.136
Previous Daily Low: 1.1302
Previous Weekly High: 1.1444
Previous Weekly Low: 1.1269
Previous Monthly High: 1.15
Previous Monthly Low: 1.1216
Previous Daily Fibonacci 38.2%: 1.1337
Previous Daily Fibonacci 61.8%: 1.1324
Previous Daily Pivot Point S1: 1.1312
Previous Daily Pivot Point S2: 1.1278
Previous Daily Pivot Point S3: 1.1254
Previous Daily Pivot Point R1: 1.1369
Previous Daily Pivot Point R2: 1.1393
Previous Daily Pivot Point R3: 1.1427