Euro / U.S. DollarShort
EUR/USD short-term technical outlook
The EUR/USD pair retains its bullish stance and is still poised to challenge the 1.2000 level. The 4-hour chart shows that the pair holds above a bullish 20 SMA, providing support at around 1.1950. The longer moving averages lack directional strength well below the shorter one, while technical indicators have lost their bullish strength, but hold within positive levels. Overall, the risk remains skewed to the upside, although the pair would need to surpass 1.2010 to be able to regain its bullish stance.
Support levels: 1.1950 1.1900 1.1860
Resistance levels: 1.2010 1.2045 1.2090
Support levels: 1.1950 1.1900 1.1860
Resistance levels: 1.2010 1.2045 1.2090
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