EUR/USD Technical Analysis: Bulls running out of breath at November highs as 1.1350 becomes the next potential destination

EUR/USD 4-hour chart

  • EUR/USD is trading back below the 200-period simple moving average on the 4-hour chart. 
  • The 1.1450 resistance is a tough nut to crack as the market is having difficulty to break above the November highs. Any rally should be limited below that level.
  • The next main target to the downside is likely at the 1.1350 level. 

Additional levels at a glance:
 

EUR/USD

Overview:
    Last Price: 1.1419
    Daily change: -33 pips
    Daily change: -0.288%
    Daily Open: 1.1452
Trends:
    Daily SMA20: 1.1374
    Daily SMA50: 1.1509
    Daily SMA100: 1.1561
    Daily SMA200: 1.1811
Levels:
    Daily High: 1.1466
    Daily Low: 1.1394
    Weekly High: 1.142
    Weekly Low: 1.1216
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1438
    Daily Fibonacci 61.8%: 1.1421
    Daily Pivot Point S1: 1.1409
    Daily Pivot Point S2: 1.1365
    Daily Pivot Point S3: 1.1336
    Daily Pivot Point R1: 1.1481
    Daily Pivot Point R2: 1.1509
    Daily Pivot Point R3: 1.1553

 

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