EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP

EUR Analysis and Talking Points

  • EURUSD | Bearish Trend Opens Up Test of YTD Lows
  • EURJPY | Little Signs of Break Out
  • EURGBP | Support Holding for Now

See our Q4 FX forecast to learn what will drive the currency throughout the rest of the year.

EURUSD | Bearish Trend Opens Up Test of YTD Lows

EURUSD continues to oscillate around the 1.13 handle. However, momentum indicators are increasingly titled to the downside, suggesting a potential move towards November lows (1.1215) ahead of support at 1.12. Eyes will be on for a firm break and close to below 1.1270, which may leave the pair vulnerable to further losses. Alongside this, the series of lower highs implies that the downtrend remains intact.

EURUSD PRICE CHART: Daily Time Frame (Jul – Nov 2018)

EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP

Chart by IG

EURJPY | Little Signs of Break Out

EURJPY has shown little in the way of meaningful price action in recent sessions with the cross consolidating above the 128.00 handle. However, failure to make a firm break above 128.85 (38.2%

Article source: https://www.dailyfx.com/forex/technical/article/currency_crosses/2018/11/28/EUR-Technical-Analysis-Overview-EURUSD-EURJPY-EURGBP.html