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8 Nov 2018
EUR/USD Technical Analysis: The pair was rejected from key barrier at 1.1500. Keeps the upside bias so far
- Following three consecutive daily advances, the pair is now showing some weakness after failing to extend the up move beyond the critical barrier at 1.1500 the figure on Wednesday.
- In order to allow for extra gains EUR/USD needs to overcome the 1.1500 area and the 1.1559/83 band, where align the 55-day SMA and 100-day SMA.
- A break below Monday’s low at 1.1356 should pave the way for a new visit to the 1.1300 neighbourhood, where sit last week’s lows and YTD low at 1.1299.
EUR/USD daily chart
EUR/USD
Overview:
Last Price: 1.1424
Daily change: -15 pips
Daily change: -0.131%
Daily Open: 1.1439
Trends:
Daily SMA20: 1.1449
Daily SMA50: 1.1552
Daily SMA100: 1.1584
Daily SMA200: 1.1852
Levels:
Daily High: 1.15
Daily Low: 1.1395
Weekly High: 1.1456
Weekly Low: 1.1302
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.146
Daily Fibonacci 61.8%: 1.1435
Daily Pivot Point S1: 1.1389
Daily Pivot Point S2: 1.1339
Daily Pivot Point S3: 1.1284
Daily Pivot Point R1: 1.1495
Daily Pivot Point R2: 1.155
Daily Pivot Point R3: 1.16