EUR/USD Technical Analysis: Bullish outlook reaffirmed as euro holds above 1.1400
- The EUR/USD pair pulled back during the US session but managed to hold on top of 1.1400 and then bounced back above, surpassing 1.1450.
- The overall short-term bias favors the upside and a test of 1.1500 is still on the cards. Before that level resistances are seen at 1.1465 and 1.1480. The positive tone is likely to remain intact as long as it holds above 1.1420. A break under 1.1385 (uptrend line) could open the doors to an extension of the correction.
EUR/USD 15-minute chart
-636809260977959578.png)
- A daily close clearly above 1.1450 would favor more gains ahead, with a potential target at 1.1530. A failure around current levels, with a close under 1.1400, means that the consolidation range between 1.1300 and 1.1400 is still in place.
EUR/USD Daily chart
-636809261286883688.png)
EUR/USD
Overview:
Today Last Price: 1.1459
Today Daily change: 86 pips
Today Daily change %: 0.756%
Today Daily Open: 1.1373
Trends:
Previous Daily SMA20: 1.1353
Previous Daily SMA50: 1.1391
Previous Daily SMA100: 1.1488
Previous Daily SMA200: 1.1703
Levels:
Previous Daily High: 1.144
Previous Daily Low: 1.1357
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%: 1.1408
Previous Daily Fibonacci 61.8%: 1.1389
Previous Daily Pivot Point S1: 1.134
Previous Daily Pivot Point S2: 1.1306
Previous Daily Pivot Point S3: 1.1256
Previous Daily Pivot Point R1: 1.1424
Previous Daily Pivot Point R2: 1.1474
Previous Daily Pivot Point R3: 1.1508