EUR/USD technical analysis chart, support & resistance levels

Technical Analysis

This euro analysis is via an overnight note from Credit Suiise, a quickie snippet:

Daily chart:

The bank lists the closest s & r (bolded are the more important levels according to CS):

  • Resistance: 1.1380, 1.1399, 1.1419
  • Support 1.1314, 1.1303, 1.1289

Comments (in summary):

  • risks lower within its broader sideways range
  • below 1339/37 would warn of a move back to the lower end of the range, with support thereafter seen at 1.1269/67, ahead of the 2018 1.1215 low
  • Resistance is initially seen at 1.1399, above which can ease the immediate downside pressure for a move back to 1.1455/65. Removal of here can see a fresh challenge at 1.1508/15, where we expect to see renewed selling.

(Note, this from prior to the overnight low under 1.1330)

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