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Nov 27

EUR/USD Technical Analysis - 05/April

By Praful Patat

EURUSD is forming complex pattern (price go down slowly) on 1 hour chart. Break of 1.4233 resistance further going up side toward 1.4280. In EURUSD strong support is 1.4140 if break of this support, next target is 1.4110 immediately on intraday. If EURUSD will retrace at 1.4140 and back from 1.4140 then extension at 1.4322, 1.4393 area. In EURUSD strong resistance is 1.4280 if break of this level, next target is 1.4349, 1.4393 area on intraday.  EURUSD backed from Fib No. 78.6%(1.4094) on Friday, extension 127.2% at 1.4280, 161.8%1.4349 which is 127.2% extension of 1.4246 to 1.3865 still in progress. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478 still in progress.

Strategy: EURUSD buy from support or sell from resistance.

New High:  1.4244, 1.4282, 1.4258.

New Low:  1.4168, 1.4206, 1.4182.

Pivot Point: R3-1.4302, R2-1.4274, R1-1.4255, PP-1.4226, S1-1.4197, S2-1.4180, S3-1.4151.

 

Latest EURUSD
Last 1.4224
High 1.4245
Low 1.4059
5 day 1.4148
10 day 1.4152
20 day 1.4053
50 day 1.3837
100 day 1.3554
200 day 1.3386