EUR/USD/Technical Analysis

EUR/USD: Next technical support levels

  • 1.2835 is the 50% retracement of 1.2500/1.3170:
  • 1.2815 is a previous hi/lo pivot point + 38.2% retracement of 1.2240/1.3170:
  • 1.2755 is the 61.8% retracement 1.25/1.317 + a previous low:
(having some problems with trading view charts but hopefully they’ll be back soon).
  1. Hi Sean,

    There is a major resistance at 1.2805-1.2815, which is not only a hi/lo pivot point, but also the fibo 61.8% from the low @ 1.224. In addition, the daily MA200 is not very far from these levels. This makes it a triple reason for at least a rebound, and possibly a change in trend.

  2. Thanks Iridium, yes the 38.2% you are right comes in at same levels so I guess there will be a big fight if/when we get there. We might be able to pick up a quick 70/80 pip rally from there if it holds first test?

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