EURUSD: inside bar pattern, buying opportunity above 1.1423

Inside bar pattern on Euro US Dollar pair daily chart. Buying opportunity above 1.1423 targets minor resistance at 1.1464.

Euro US Dollar Monday, July 10 close was unchanged (-0.03%) at 1.1397. Inside bar pattern on daily chart. Intraday technical overview is neutral within a strong bullish short term trend. However we can expect price fluctuations between support and resistance levels. Still positive the values of Momentum indicator.

EURUSD pair inside bar pattern

View the interactive chart on ProRealTime.com

Simple Moving Average (SMA)
EURUSD quotes are above 14 day moving average (SMA value is 1.1327).


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 10/07/2017

Performance: 7 trading days= -0.25% – 15 trading days= +2.33% – 30 trading days= +2.00%
Resistance levels: R1= 1.1416 – R2= 1.1436 – R3= 1.1473
Pivot Point: 1.1399
Support levels: S1= 1.1379 – S2= 1.1362 – S3= 1.1325


Buying opportunity above 1.1423 targets minor resistance at 1.1464 and perhaps as far as strong resistance at 1.1492, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 1.1541.

Selling opportunity below 1.1367 targets minor support at 1.1329 and perhaps as far as strong support at 1.1300, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 1.1248.

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