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EUR/USD technical analysis: Euro consolidating gains below 1.1400 resistance

2019-06-24 21:50

  • EUR/USD is turning bullish above its main daily simple moving averages.

  • The level to beat for bulls is the 1.1420 resistance. 



EUR/USD daily chart





EUR/USD is trading above its main daily simple moving averages suggesting that the trend is turning bullish.





EUR/USD 4-hour chart





The market is trading above its main SMAs suggesting bullish momentum. The market is finding some resistance at the 1.1400 level. The correction down can potentially extend to 1.1340 and 1.1310 support, 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, resistances are at 1.1400, 1.1420 and 1.1440 levels.







Additional key levels

 





 


This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

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