EUR/USD technical analysis: Euro trading at 5-day high and challenging 1.1210 strong resistance

EUR/USD is reversing up sharply from the 2019 low. Bulls will need to overcome the 1.1210 resistance in order to gain extra traction. EUR/USD daily c  |  24/05/2019 16:04

 

  • EUR/USD is reversing up sharply from the 2019 low.
  • Bulls will need to overcome the 1.1210 resistance in order to gain extra traction.


EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). Thursday the market reached a new 2019 low but the drop was short-lived as EUR/USD is staging a reversal up.

EUR/USD 4-hour chart

EUR/USD is challenging the 1.1210 strong resistance and the 200 SMA.

EUR/USD 30-minute chart

EUR/USD is trading near its daily high above its main SMAs. If bulls overcome the 1.1210 level then 1.1240 and 1.1270 resistances can come into play. Support is at 1.1180/60 and 1.1140 levels.

Additional key levels

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com