EUR/USD Technical Analysis: Euro reverses up from 2018 low as bulls reach the 1.1400 figure
- EUR/USD is in a bear trend below the 200-period simple moving average on the 4-hour chart.
- EUR/USD found support at the 1.1300 level (2018 low) and had a reversal up to 1.1400 figure and the 50 SMA. Technical indicators are in positive territories suggesting continued bullish action in the coming sessions.
- Targets to the upside can be located near 1.1430 (October 9 low), 1.1463 (October 4 low) and 1.1500 figure and October 2 swing low.
EUR/USD 4-hour chart
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Main trend: Bearish
Resistance 1: 1.1400 figure
Resistance 2: 1.1430 October 9 low
Resistance 3: 1.1463 October 4 low
Resistance 4: 1.1500 figure and October 2 swing low
Resistance 5: 1.1530 August 23 swing low (key level)
Support 1: 1.1350 figure
Support 2: 1.1300 current 2018 low
Support 3: 1.1200 figure
Additional key levels at a glance:
EUR/USD
Overview:
Last Price: 1.1406
Daily change: 94 pips
Daily change: 0.831%
Daily Open: 1.1312
Trends:
Daily SMA20: 1.1472
Daily SMA50: 1.1575
Daily SMA100: 1.1593
Daily SMA200: 1.1876
Levels:
Daily High: 1.1362
Daily Low: 1.1302
Weekly High: 1.1551
Weekly Low: 1.1336
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.1325
Daily Fibonacci 61.8%: 1.1339
Daily Pivot Point S1: 1.1289
Daily Pivot Point S2: 1.1266
Daily Pivot Point S3: 1.1229
Daily Pivot Point R1: 1.1348
Daily Pivot Point R2: 1.1385
Daily Pivot Point R3: 1.1408