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19 Nov 2018
EUR/USD Technical Analysis: Euro capped by 1.1430 strong resistance as bears get ready for a drop to 1.1350 level
EUR/USD 4-hour chart
- EUR/USD is challenging the 200-period simple moving average on the 4-hour chart.
- EUR/USD is also testing the important 1.1430 resistance. At this stage, it is likely that bulls will not be able to break this strong resistance level and a drop all the way back to 1.1350 can be in the making.
- Technical indicators are still bullish but the Stochastic is already in the overbought zone, suggesting imminent bearish action.
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Additional key levels to look at:
EUR/USD
Overview:
Last Price: 1.1438
Daily change: 22 pips
Daily change: 0.193%
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