Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
EUR/USD Price Analysis: Bulls eye 1.1315-20 resistance confluence
Abstract：EUR/USD remains on the front foot, carrying the early breakout of short-term descending trend line.
Upbeat MACD, firmer RSI adds to the bullish bias but a convergence of 200-SMA, 100-SMA will be the key.
Sellers will wait for downside break of 1.1200 for fresh entries.
EUR/USD grinds higher around the weekly top near 1.1270 following a three-day uptrend during the initial Asian session on Wednesday.
The major currency pair gained upside momentum after Mondays upside break of a three-week-old descending resistance line, now support around 1.1205.
The bullish bias then gained support from MACD and RSI to flirt with the 38.2% Fibonacci retracement (Fibo.) level of January 14-28 downside.
Its worth noting that the EUR/USD buyers aim for 50% Fibo. around 1.1300 as an immediate target during the further advances. However, a confluence of the 100-SMA and 200-SMA around 1.1315-20 will be a tough nut to crack for the pair bulls afterward.
Meanwhile, pullback moves remain elusive until staying beyond the resistance-turned-support and 23.6% Fibonacci retracement level near 1.1200.
Following that, the yearly low around 1.1120 and the 1.1100 threshold may lure EUR/USD bears ahead of the April 2020 peak surrounding 1.1020.
EUR/USD: Four-hour chart
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Long
Short
Slippage
knowledge
Learn basic forex
Forex trading
Forex margin
Forex Chart
Forex indicator
support and resistance
Forex Broker
Forex strategy
Forex Currency pair
Forex Analysis
Forex news
leverage in forex
forex beginners
forex market
Basic forex knowledge
forex pips
Read more
KKR Exposed: Traders Allege Fund Scams, Withdrawal Denials & Regulatory Concerns
Do you witness a negative trading account balance on the KKR broker login? Does the broker prevent you from withdrawing your funds after making profits? Do you need to pay an extra margin for withdrawals? These trading issues have become common for traders at KKR. In this KKR broker review article, we have elaborated on the complaints. Take a look!
Original 5h
Trive Regulation and Broker Licenses in Multiple Jurisdictions
Trive Regulation explained. Trive Broker is licensed in Australia, Malta, South Africa, UK, and BVI for secure global trading.
Original 5h
BitDelta Pro Review: Unregulated or Legit Broker?
BitDelta Pro Review: No valid regulation, risky spreads, and hidden broker issues. Traders should proceed with caution.
Original 6h
IG Launches 5% Cashback Offer for New UK Customers
IG cashback offer UK 2025 gives investors up to £100 back. Compare the best UK investment platforms with cashback today.
Original 6h
WikiFX Broker
Latest News
CFTC Polymarket Approval Signals U.S. Relaunch 2025
WikiFXMH Markets Commission Fees and Spreads Analysis: A Data-Driven Breakdown for Traders
WikiFXAlpha FX Allegations: Traders Claim Account Blocks, Withdrawal Denials and Security Breaches
WikiFXHow to Become a Profitable Forex Trader in Pakistan in 2025
WikiFXGratitude Beyond Borders: WikiFX Thank You This Thanksgiving
WikiFXKEY TO MARKETS Review: Are Traders Facing Withdrawal Delays, Deposit Issues & Trade Manipulation?
WikiFXFCA Consumer Warning – FCA Warning List 2025
WikiFXZipphy Exposed: No Valid Regulation, Risk Warning
WikiFXAustralia’s Fraud-Intel Network Exposes $60M in Scams
WikiFXIs Purple Trading a Scam? Honest User Reviews Reveal the Truth
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate