Euro US Dollar: strong bearish signal, crossed below the 14-day SMA

An inside bar pattern has been drawn on Euro US Dollar pair daily chart. Bearish signal from crossing the 14-day moving average.

Monday session ends at 1.1209 (-0.30%) for Euro US Dollar pair. An inside bar pattern has been drawn on daily chart. Technical overview is basically neutral within a moderate bearish short term view. Bearish signal from crossing the 14-day SMA. Today trading session forecast is for further prices dropping towards the most significant support levels. The major oscillators show negative values.

euro us dollar bearish signal

View the interactive chart on ProRealTime.com

Simple Moving Average (SMA)
Strong bearish signal: the prices crosses below the 14-day moving average (SMA value is 1.1212).


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 03/10/2016

Performance: 7 trading days= -0.16% – 15 trading days= -0.09% – 30 trading days= -0.82%
Resistance levels: R1= 1.1234 – R2= 1.1258 – R3= 1.1297
Pivot Point: 1.1219
Support levels: S1= 1.1195 – S2= 1.1180 – S3= 1.1141


Buying opportunity above 1.1235 targets minor resistance at 1.1275 and perhaps as far as strong resistance at 1.1302, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 1.1350.

Selling opportunity below 1.1180 targets minor support at 1.1142 and perhaps as far as strong support at 1.1114, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 1.1062.