FxWirePro
Short

EUR/USD key resistance at 1.1141, bearish in the short term

FX:EURUSD   Euro / U.S. Dollar
854 0 12
EUR/USD             pair gave back some earlier gains in today’s US session after US manufacturing data printed positive figures. The pair had inched towards 1.1051 levels in the earlier European session, however, the gains quickly faded after the US data release, indicating further bearish pressure is on cards for this pair. On the technical side, the RSI is mixed in the daily chart , in the 4 hours chart 20 MA is slightly turning up, the 30 and 55 MA is pointing towards downwards. As long as the resistance level at 1.1141 holds the trend for this pair remains bearish .

Immediate resistance can be seen at 1.1069, a break above this level would take the pair towards next resistance level at 1.1141 levels.

To the downside, strong support can be seen at 1.0943 levels, a break below this level will open the door towards next level at 1.1095.

Recommendation: Go short below 1.1135, targets 1.0000, 1.0940, SL 1.1200
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out