Back

EUR/USD technical analysis: Euro clings to daily highs above the 1.1100 handle

  • This Tuesday, the Fiber is picking up some steam challenging the 1.1109 resistance.
  • Support is seen at the 1.1092 and 1.1075 price levels.
 

EUR/USD daily chart

 
On the daily chart, the Euro is trading in a bear trend below its 100 and 200-day simple moving averages (DMAs). The primary macroeconomic event of the week is likely going to be the Fed Interest Rate Decision on Wednesday. 
 
 
 

EUR/USD four-hour chart

 
The Euro, on the four-hour chart, is trading above its 100 and 200 SMAs while challenging the 1.1109 resistance. A daily close above the level can lead to further strength towards 1.1120, 1.1135 and 1.1167 resistance levels, according to the Technical Confluences Indicator.
 
 

EUR/USD 30-minute chart

 
The exchange rate is trading above its main SMAs on the 30-minute chart, suggesting a potential bullish bias in the near term. Support is seen at 1.1092 and 1.1075 price levels.
 

Additional key levels

 

FOMC should communicate patience in deciding future policy moves - TD Securities

"We expect the Fed to cut rates by 25bp, delivering the third consecutive cut since July," TD Securities analysts said previewing Wednesday Federal Op
আরও পড়ুন Previous

GBP/USD rises further toward 1.2900 after US data

The GBP/USD pair rose further and spiked to 1.2897, reaching the highest level since Thursday and then pulled back modestly. As of writing trades at 1
আরও পড়ুন Next