Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
EUR/USD Technical Analysis: Resistance Now Above 1.13

EUR/USD Technical Analysis: Resistance Now Above 1.13

Ilya Spivak,

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.1247, 1.1178, 1.1040
  • Resistance:1.1359, 1.1450, 1.1541

The Euro continued to recover against the US Dollar after a brief pause to consolidate, with buyers securing a foothold above the 1.13 figure. Near-term resistance is at 1.1359, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 1.4501. Alternatively, a reversal below the 23.6% Fib at 1.1247 clears the way for a test of the 14.6% expansion at 1.1178.

Our EURUSD short position from at 1.1148 was stopped out on yesterday’s close above 1.1289. From here, the absence of a defined bearish reversal signal suggests taking up the short side in line with our long-term outlook is premature. As such, we will remain flat for now.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

Daily Chart - Created Using FXCM Marketscope

--- Written by Ilya Spivak, Currency Strategist for

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.