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EUR/USD Price Analysis: Focus remains on the 200-day SMA near 1.1140

  • EUR/USD meets expected resistance in the 1.1140 region.
  • The outlook stays positive above the 55-day SMA (1.1093).

The ongoing recovery in EUR/USD has so far struggled to overcome the key barrier at the 1.1140 region, home of the key 200-day SMA.

Above this area, the buying pressure is seen regaining strength with the immediate targets then at 1.1186 (Fibo retracement) ahead of late December peaks near 1.1240.

In case sellers return to the market, then the 55-day SMA in the 1.1090 region should re-emerge on the horizon.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1134
Today Daily Change16
Today Daily Change %-0.04
Today daily open1.1138
 
Trends
Daily SMA201.1141
Daily SMA501.1092
Daily SMA1001.1066
Daily SMA2001.114
 
Levels
Previous Daily High1.1147
Previous Daily Low1.1112
Previous Weekly High1.1208
Previous Weekly Low1.1085
Previous Monthly High1.124
Previous Monthly Low1.1002
Daily Fibonacci 38.2%1.1134
Daily Fibonacci 61.8%1.1126
Daily Pivot Point S11.1118
Daily Pivot Point S21.1097
Daily Pivot Point S31.1082
Daily Pivot Point R11.1153
Daily Pivot Point R21.1168
Daily Pivot Point R31.1188

Author

Pablo Piovano

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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