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19 Nov 2018
EUR/USD Technical Analysis: Near-term rising support to face refreshed downside pressure from 1.1400
- EUR/USD trades towards the downside after Friday's spike above the 1.1400 handle, but the Fiber is struggling to maintain recent bullish gains and looks set to withdraw back to intraday support zones from the 38.2% Fibo retracement level.
- EUR/USD Forecast: Descending trend-channel caps additional gains ahead of a crucial week for Italian budget
EUR/USD Chart, 5-Minute
- The past two weeks have seen the EUR/USD drive higher in bullish recovery mode, boosted by a near-term rising trendline, but gains are likely capped at the last swing high that failed to capture the 1.1500 handle in early November.
EUR/USD Chart, 30-Minute
- The near-term rising trendline is also due to face stiff resistance from a medium-term declining trendline over the past two months, and the 200-period moving average currently perched at 1.1435, is acting as firm resistance ever since the Fiber declined below the critical indicator in late September.
EUR/USD Chart, 4-Hour
EUR/USD
Overview:
Last Price: 1.1398
Daily change: -18 pips
Daily change: -0.158%
Daily Open: 1.1416
Trends:
Daily SMA20: 1.1374
Daily SMA50: 1.1512
Daily SMA100: 1.1563
Daily SMA200: 1.1815
Levels:
Daily High: 1.142
Daily Low: 1.132
Weekly High: 1.142
Weekly Low: 1.1216
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.1382
Daily Fibonacci 61.8%: 1.1358
Daily Pivot Point S1: 1.135
Daily Pivot Point S2: 1.1284
Daily Pivot Point S3: 1.1249
Daily Pivot Point R1: 1.1451
Daily Pivot Point R2: 1.1486
Daily Pivot Point R3: 1.1552