EUR/USD Price Analysis: Bulls have a bumpy road above 1.1300

EUR/USD seesaws near the highest in three months.
200-week SMA, a falling trend line from February 2018 guard immediate upside.
January top can lure the sellers during a fresh pullback.

Anil Panchal FXStreet

EUR/USD stays directionless around the multi-day top while taking rounds to the 1.1335 amid Friday’s Asian session.

The reason could be traced from the pair’s inability to cross 200-week SMA, currently around 1.1335.

Other than the key SMA, a downward sloping trend line from mid-February 2018, at 1.1375 now, also adds a filter to the pair’s north-run.

In a case where the bulls manage to cross 1.1375 on a weekly closing basis, a resistance line from September 2018, close to 1.1445/50, will be in the spotlight.

Meanwhile, the January month top near 1.1240 can act as near-term key support should the pair drops below 1.1300 adjacent rest-point.

EUR/USD weekly chart

Trend: Pullback expected

Additional important levels

Overview
Today last price	1.1333
Today Daily Change	-5 pips
Today Daily Change %	-0.04%
Today daily open	1.1338

Trends
Daily SMA20	1.0977
Daily SMA50	1.0926
Daily SMA100	1.0962
Daily SMA200	1.1015

Levels
Previous Daily High	1.1362
Previous Daily Low	1.1195
Previous Weekly High	1.1145
Previous Weekly Low	1.0871
Previous Monthly High	1.1145
Previous Monthly Low	1.0767
Daily Fibonacci 38.2%	1.1298
Daily Fibonacci 61.8%	1.1259
Daily Pivot Point S1	1.1235
Daily Pivot Point S2	1.1131
Daily Pivot Point S3	1.1067
Daily Pivot Point R1	1.1402
Daily Pivot Point R2	1.1466
Daily Pivot Point R3	1.1569

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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