EURUSD Analysis 19th November – Weekly Technical Report EUR/USD technical analysis overview. The 1.2800 area previous support lows, which are aligned with the 200 SMA (simple moving average), capped the EUR/USD upside on Friday. Our last update noted that this was ”an area which could prove troublesome for EUR/USD bulls” and this turned out to be the case, during late week trading. The 4-hour time frame chart (see figure 1 below) shows how price peaked around the 1.2800 area, during the European session on Friday, prior to breaking under the ascending trend line consolidation area. This comes in the context of a ... (full story)