Technicals

Add as a preferred source on Google

FxWirePro: EUR/USD trades above 1.13 barrier, 200 DMA at 1.1297 flips to support

Safe-haven appeal of the euro received further boost on a renewed wave of risk-aversion Downbeat Chinese PMI and sliding Chinese stocks added to the worries over the health of the Chinese economy, further bolstering risk…

Updated 1 min read
EconoTimes — Reading the Times. Understanding the Future.

Safe-haven appeal of the euro received further boost on a renewed wave of risk-aversion

  • Downbeat Chinese PMI and sliding Chinese stocks added to the worries over the health of the Chinese economy, further bolstering risk-off sentiment
  • Spanish PMI falls for 3 months running, employment index 53.5 from 55.5, lowest in 6 months, data fuel for those expecting ECB to add to easing efforts
     
  • EUR/USD trades above 1.13 barrier, with scope for gains upto 1.1400 with bullish cross on slow stochs in oversold territory 
  • EUR/USD is currently trading at 1.1319, with next hurdle at 1.1337 (4h Kijun-Sen), and support on the downside at 1.1297 (200 DMA)

Resistance Levels: 

R1: 1.1337 (4h Kijun-Sen)
R2: 1.1364 (Daily High Aug 27)
R3: 1.1368 (Session highs Aug 26th)

Support Levels:

S1: 1.1313 (10 DMA)
S2: 1.1310 (Daily High Aug 28)
S3: 1.1297 (200 DMA)

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560