EUR/USD Technical Analysis: Remains bearish below the resistance line at 1.1114

EUR/USD Overview Today last price 1.1014 Today Daily Change 14 Today Daily Change % 0.00 Today daily open 1.1014 Trends Daily SMA20 1.1058 Daily SMA5  |  12/09/2019 09:02
  • Despite Wednesday’s test of the 1.0980 region, EUR/USD remains broadly within a consolidative mood above the 1.10 handle.
  • The ECB event later today will be key in determining the near/medium term price action of spot. On the upside, initial hurdle emerges at last week’s top at 1.1085 ahead of the resistance line at 1.1114.
  • Above the latter, the downside pressure should subside somewhat and allow for a move higher to the more relevant 1.1146/63 band, where coincide the 55-day SMA and late August top.
  • Looking south, Wednesday’s low at 1.0985 should offer interim resistance in case sellers regain the upper hand ahead of another test of the 2019 low at 1.0926.

EUR/USD daily chart

 

Share

Popular News

Show More Popular News

TheFXApp's Views

TheFXApp analyses will provide both fundamental and technical comprehensions on finance
and other asset classes for TheFXApp viewers

Back

Login to TheFXApp Account

Your TheFXApp account gives you access to the tools that we offer our customers including our
Technical Studies & Sentiment for your accounts.

Forgot Password?

Don't you have a TheFXApp account? With a few easy steps you can easily register to TheFXApp

Create a TheFXApp's Account

Your TheFXApp account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

register_ty

Thank you!

Welcome to TheFXApp family!

You have succesfully completed the registration.
We will send you an e-mail to give you some
instructions and our Terms and Conditions!
Our account representatives will be contacting you as
soon as possible. If you have any further questions
please do not hesitate to mail us via info@thefxapp.com