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: Recovery Stumbles Below 1.14

EUR/USD Technical Analysis: Recovery Stumbles Below 1.14

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 stumbled after extending to the highest level in over two months just below the 1.14 figure against the US Dollar. A daily close below the 23.6% Fibonacci expansion at 1.1247 exposes the 14.6% level at 1.1178. Alternatively, a push above the 38.2% Fib at 1.1359 opens the door for a challenge of the 50% expansion at 1.1450.

Positioning is inconclusive at this point, with prices offering no clear-cut and actionable signal to initiate a trade in line with our long-term outlook. We will continue to remain on the sidelines for the time being, waiting for a compelling opportunity to present itself.

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.