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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


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

 

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