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EUR/USD Technical Analysis: Symmetrical triangle challenges traders, 1.1335 acts as nearby resistance

  • EUR/USD trades near 1.1325 during early Thursday.
  • The pair recently reversed from a downward sloping resistance-line stretched since February 28, also forming a part of the short-term symmetrical triangle.
  • The pullback from formation resistance signal brighter chances of the pair’s further weakness towards 1.1310 and then to 1.1300.
  • However, pattern support, at 1.1280, could confine pair’s additional declines, if not then 1.1250 and 1.1220 can become sellers’ favorites.
  • On the contrary, pair’s ability to conquer 1.1335 resistance-line can trigger its recovery to 1.1355 and 1.1380 numbers to the north.
  • Also, pair’s sustained advances past-1.1380 might not hesitate flashing 1.1400 and 1.1425 on the chart.

EUR/USD hourly chart



Additional important levels:

Overview:
    Today Last Price: 1.1325
    Today Daily change: -3 pips
    Today Daily change %: -0.03%
    Today Daily Open: 1.1328
Trends:
    Daily SMA20: 1.1318
    Daily SMA50: 1.1369
    Daily SMA100: 1.137
    Daily SMA200: 1.1492
Levels:
    Previous Daily High: 1.134
    Previous Daily Low: 1.1278
    Previous Weekly High: 1.1388
    Previous Weekly Low: 1.1176
    Previous Monthly High: 1.1489
    Previous Monthly Low: 1.1234
    Daily Fibonacci 38.2%: 1.1316
    Daily Fibonacci 61.8%: 1.1301
    Daily Pivot Point S1: 1.129
    Daily Pivot Point S2: 1.1253
    Daily Pivot Point S3: 1.1228
    Daily Pivot Point R1: 1.1352
    Daily Pivot Point R2: 1.1377
    Daily Pivot Point R3: 1.1414