Advertisement
fxgiants
Advertisement
InstaForex
Advertisement
24option
BREAKING NEWS : $500 - $5000 No Deposit Bonus Hurry up, Join Now!
Written by experienced traders and professional market analysts, our Forex technical analysis is just what you need to get an edge in your Forex trading
Advertisement InstaForex

EUR/USD Outlook: Bears pressure key support at 1.1289 but oversold conditions warn of bounce

Written by By Stoyan Mihaylov | 2019-02-11 09:01:22 GMT

The Euro maintains bearish bias at the beginning of the week and holding below broken 200WMA (1.1334) as last Friday's close below here generated bearish signal, as the moving average limited downside attempts in more than one year and marks very important support.
The pair holds in red for the sixth straight day, pressured by strong rally of US dollar and bearish daily technical studies and eyes key near-term support at 1.1289 (2019 low posted on 24 Jan), as full retracement of 1.1289/1.1514 rally would open way for further weakness.
Deeply oversold slow stochastic warns of hesitation on approach to 1.1289 support and possible bounce.
Corrective action could be seen as positioning before bears resume with falling 5SMA offering initial resistance at 1.1348, with converged 55/20SMA's (1.1387/89) expected to cap extended upticks and keep bears in play.

Res: 1.1330; 1.1348; 1.1389; 1.1407
Sup: 1.1312; 1.1289; 1.1267; 1.1215

EURUSD

 

Interested in EURUSD technicals? Check out the key levels

    1. R3 1.1375
    2. R2 1.1364
    3. R1 1.1343
  1. PP 1.1332
    1. S1 1.1311
    2. S2 1.13
    3. S3 1.1279

Author

By Stoyan Mihaylov
etoro

Start Trading With Top Industry Brokers

Broker Profile Open Account
xm
  • Minimum Deposit: 5 USD
  • Leverage of up to1:500
  • Broker Type : Market Maker
  • Regulation : CySEC 120/10 (Trading Point of Financial Instruments Ltd) ASIC 443670 (Trading Point of Financial Instruments Pty Ltd) FCA 705428 (Trading Point of Financial Instruments UK Ltd)
  • xm
    FBS
  • Offer: 50USD No Deposit Bonus
  • Offer: 100% Deposit Bonus
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CRFIN (Russia), 009069697 IFSC (Belize), IFSC/60/230/TS/12
  • FBS
    Trade
  • Offer: 30USD No Deposit Bonus
  • Minimum Deposit: 25 USD
  • Leverage of up to 1:500
  • Broker Type : ECN/STP & STP
  • Regulation : FSA SD008
  • Tickmill

    The Best Crypto to Crypto

    Exchanger Advantages Open Account
    binance
  • Safety Stability: Multi-tier & multi-cluster system architecture
  • Binance charges a quite low commission fee
  • Multiple-Coin Support : BTC, ETH, LTC, BNB...
  • High Liquidity
  • Multiple-Language Support
  • binance
    changelly
  • Instant cryptocurrency exchange
  • More than 500,000 satisfied users
  • Changelly charges a quite low commission fee
  • Safety Stability
  • changelly
    bitmex
  • Bitmex - Bitcoin Mercantile Exchange is a cryptocurrency derivatives trading platform.
  • Bitmex charges a quite low commission fee
  • Safety Stability
  • changelly

    Best Brokers to Trade Crypto

    Broker Profile Open Account
    XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    FBS
  • Offer: 50USD No Deposit Bonus
  • Offer: 100% Deposit Bonus
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CRFIN (Russia), 009069697 IFSC (Belize), IFSC/60/230/TS/12
  • FBS
    eToro
  • Offer: 1000USD Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:400
  • Broker Type : STP
  • Regulation : ASIC, 335692 CFTC/NFA, 0382918 CySEC, 109/10
  • eToro

    Contact us
    fxvnpro@gmail.com
    kieuthanhgc@gmail.com