EUR/USD Technical Analysis: Euro rises to test 1.1500 after Fed’s meeting
- A weaker US dollar boosted the EUR/USD pair after the FOMC meeting.
- The pair broke to the upside and reached at 1.1502 the highest level since January 11. Now the 1.1450 area is the immediate support. While holding above, more tests to the 1.1500 area seem likely.
EUR/USD 15-minute chart
- Today’s rally pushed the pair back above the 100-day moving average and so far the euro is holding firm above the key area of 1.1450. The rally was capped at 1.1500 that is being challenged. A break higher should lead to further gains and to a test of a downtrend line from September highs, currently at 1.1525. If it consolidates on top, 1.1560 looks like the next target.
EUR/USD Daily chart
-636844774753180328.png)
EUR/USD
Overview:
Today Last Price: 1.1485
Today Daily change: 0.0052 pips
Today Daily change %: 0.45%
Today Daily Open: 1.1433
Trends:
Daily SMA20: 1.1415
Daily SMA50: 1.1391
Daily SMA100: 1.1448
Daily SMA200: 1.1571
Levels:
Previous Daily High: 1.1451
Previous Daily Low: 1.1411
Previous Weekly High: 1.1418
Previous Weekly Low: 1.1289
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Daily Fibonacci 38.2%: 1.1436
Daily Fibonacci 61.8%: 1.1427
Daily Pivot Point S1: 1.1412
Daily Pivot Point S2: 1.1392
Daily Pivot Point S3: 1.1372
Daily Pivot Point R1: 1.1453
Daily Pivot Point R2: 1.1472
Daily Pivot Point R3: 1.1493