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EUR/USD technical analysis: Euro grinds up approaching 1.1347 resistance

2019-06-21 22:15


EUR/USD daily chart



EUR/USD is in a bear trend below its 200-day simple moving average (DSMA). However, the single currency has been rebounding for the third consecutive day.





EUR/USD 4-hour chart



The market is trading above its main SMAs suggesting bullish momentum. Bulls broke above 1.1320 resistance opening to doors to 1.1347 which is a strong resistance. If cleared 1.1400 can become the next pit stop for bulls, according to the Technical Confluences Indicator





EUR/USD 30-minute chart



EUR/USD is trading above its main SMAs suggesting a bullish bias in the near term. According to the Technical Confluences Indicator, there is mild support is at 1.1306 and strong support at 1.1260.





Additional key levels





 


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