EUR/USD Price Analysis: Focus now shifted to the 55-day SMA

The recovery in EUR/USD regained the 1.10 mark and well above.
The pair now faces the next hurdle at the 55-day SMA at 1.1035.

Pablo Piovano FXStreet

EUR/USD moved beyond 1.10 the figure for the first time since February 6^th during early trade, meeting resistance in the 1.1050/55 band so far.

The pair has quickly bounced off the oversold territory and faces the next key barrier at the 55-day SMA, today at 1.1035. A close above this level is needed to allow for extra gains and spark a more serious recovery.

Further north emerges the critical barrier at the 200-day SMA just below the 1.1100 mark.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0994
Today Daily Change	71
Today Daily Change %	0.01
Today daily open	1.0993

Trends
Daily SMA20	1.091
Daily SMA50	1.1031
Daily SMA100	1.1056
Daily SMA200	1.11

Levels
Previous Daily High	1.1006
Previous Daily Low	1.0877
Previous Weekly High	1.0864
Previous Weekly Low	1.0778
Previous Monthly High	1.1225
Previous Monthly Low	1.0992
Daily Fibonacci 38.2%	1.0957
Daily Fibonacci 61.8%	1.0926
Daily Pivot Point S1	1.0911
Daily Pivot Point S2	1.083
Daily Pivot Point S3	1.0783
Daily Pivot Point R1	1.104
Daily Pivot Point R2	1.1088
Daily Pivot Point R3	1.1169

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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