EUR/USD technical analysis chart, support & resistance levels

This euro analysis is via an overnight note from Credit Suiise, a quickie snippet:

Daily chart:
This euro analysis is via an overnight note from Credit Suiise, a quickie snippet:
The bank lists the closest s & r (bolded are the more important levels according to CS):
  • Resistance: 1.1380, 1.1399, 1.1419
  • Support 1.1314, 1.1303, 1.1289
Comments (in summary):
  • risks lower within its broader sideways range
  • below 1339/37 would warn of a move back to the lower end of the range, with support thereafter seen at 1.1269/67, ahead of the 2018 1.1215 low
  • Resistance is initially seen at 1.1399, above which can ease the immediate downside pressure for a move back to 1.1455/65. Removal of here can see a fresh challenge at 1.1508/15, where we expect to see renewed selling.
Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *