EUR/USD Trends And Fibonacci Retracement Levels
The EUR/USD currency pair has been relatively unchanged in forex market trading today with the EUR/USD registering a high of 1.36387 and reaching to a low of 1.35795 on the day. Trends data shows the pair is currently topping out of the recent short-term uptrend with prices trading just under the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. If we see prices take a bearish turn, look for support at the 38.2% fibonacci retracement area of 1.3539 and larger support at the 1.3500 major level while 1.3600 remains important resistance above.
EUR/USD Daily Chart" title="EUR/USD Daily Chart" width="656" height="420">
EUR/USD Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 86.9 pips
30-day current trend is BEARISH / Trend strength of -118.9 pips
60-day current trend is BULLISH / Trend strength of 76.0 pips
90-day current trend is BULLISH / Trend strength of 365.1 pips
180-day current trend is BULLISH / Trend strength of 739.4 pips
Fibonacci Retracement Levels: Past 100 Days
– 0.000 – 1.38317
– 0.236 – 1.36509
– 0.382 – 1.35391
– 0.500 – 1.34487
– 0.618 – 1.33583
– 0.764 – 1.32465
– 1.000 – 1.30657
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.