TipTVFinance

EUR/USD – trapped between two 38.2% Fibo levels

FX_IDC:EURUSD   EURO / US DOLLAR
Resistance – 1.1236 (38.2% of 1.0463-1.1714), 1.1260, 1.13

Support – 1.1196 (38.2% of 1.0517-1.1616), 1.1160, 1.1102

  • Pair has been largely restricted to a narrow range of 1.1196-1.1236 levels since Thursday.
  • Intraday breach of these levels were witnessed, but on a day end closing basis the pair finds itself trapped between the two 387.2% Fibo retracement levels.
  • A break below 1.1196 preferably on day end closing basis would signal the downtrend from the high of 1.1616 has resumed.
  • On the other hand, day end closing above 1.1236 would signal a short-term bottom has been made and subsequent move could see the pair test hurdle at 50-DMA.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out