Back
19 Nov 2018
EUR/USD Technical Analysis: bullish breakout confirmed
- The EUR/USD closed at 1.1416 on Friday, confirming a falling channel breakout, meaning the sell-off from the September high of 1.1815 has ended and the bulls have likely regained control.
- Notably, the bull breakout is backed by the ascending 5- and 10-day exponential moving averages (EMAs). On Friday, the 14-day relative strength index (RSI) also move above 50.00 - in bullish territory.
- The stage looks set for further gains toward the 50-day EMA of 1.1465, possibly after a minor pullback as the RSI on the hourly chart has diverged in favor of the bears.
- The bullish outlook would be negated if the pair drops below Friday's low of 1.1321.
Daily chart
-636781850440470574.png)
Hourly chart
-636781851267361192.png)
Trend: Bullish
EUR/USD
Overview:
Last Price: 1.1411
Daily change: -5.0 pips
Daily change: -0.0438%
Daily Open: 1.1416
Trends:
Daily SMA20: 1.1374
Daily SMA50: 1.1512
Daily SMA100: 1.1563
Daily SMA200: 1.1815
Levels:
Daily High: 1.142
Daily Low: 1.132
Weekly High: 1.142
Weekly Low: 1.1216
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.1382
Daily Fibonacci 61.8%: 1.1358
Daily Pivot Point S1: 1.135
Daily Pivot Point S2: 1.1284
Daily Pivot Point S3: 1.1249
Daily Pivot Point R1: 1.1451
Daily Pivot Point R2: 1.1486
Daily Pivot Point R3: 1.1552