EUR/USD Technical Analysis: Another rejection from 1.1400 prompts a potential test of 1.1300 and below

  • The pair has once again failed to sustain a breakout of the critical barrier at 1.1400 the figure, sparking instead a moderate sell off to the 1.1320 region.
  • That said, the door remains well open for another test of the 1.1300 neighbourhood, where sits recent lows.
  • Further south emerges the 2018 low at 1.1214 (November 12) ahead of 1.1188, a Fibo retracement of the 2017-2018 rally.

EUR/USD daily chart

 

 

 

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:
    Today Last Price: 1.1338
    Today Daily change: 0.0 pips
    Today Daily change %: 0.00%
    Today Daily Open: 1.1338
Trends:
    Previous Daily SMA20: 1.1353
    Previous Daily SMA50: 1.1434
    Previous Daily SMA100: 1.1523
    Previous Daily SMA200: 1.1755
Levels:
    Previous Daily High: 1.1419
    Previous Daily Low: 1.1318
    Previous Weekly High: 1.1402
    Previous Weekly Low: 1.1267
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1357
    Previous Daily Fibonacci 61.8%: 1.138
    Previous Daily Pivot Point S1: 1.1298
    Previous Daily Pivot Point S2: 1.1258
    Previous Daily Pivot Point S3: 1.1197
    Previous Daily Pivot Point R1: 1.1398
    Previous Daily Pivot Point R2: 1.1459
    Previous Daily Pivot Point R3: 1.1499

 

Gold retreats from 5-week tops amid a modest USD rebound

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EUR/USD attempts a tepid bounce towards 1.1350

The EUR/USD pair erases entire losses and looks to regain the 1.1350 barrier, helped by fresh US dollar selling across the board, despite the risk-off
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