EUR/USD Price Analysis: Immediately to the upside comes 1.1300

EUR/USD pushes higher and retests the 1.1280 area.
The 55-day SMA around 1.1300 emerges as the next hurdle.

Pablo Piovano FXStreet

EUR/USD is up for the third session in a row and approaches the key barrier at the 1.1300 region on Tuesday.

The ongoing strength is deemed as corrective only, however, a further recovery could attempt a test of the round level at 1.1300 where the 55-day SMA also converges. Above the latter is located the 4-month resistance line near 1.1320, above which the selling pressure is expected to lose some traction.

In the longer run, the negative outlook is seen unchanged below the key 200-day SMA at 1.1687.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1271
Today Daily Change	58
Today Daily Change %	0.32
Today daily open	1.1235

Trends
Daily SMA20	1.1318
Daily SMA50	1.1307
Daily SMA100	1.1445
Daily SMA200	1.1692

Levels
Previous Daily High	1.1248
Previous Daily Low	1.1138
Previous Weekly High	1.1347
Previous Weekly Low	1.1121
Previous Monthly High	1.1483
Previous Monthly Low	1.1121
Daily Fibonacci 38.2%	1.1206
Daily Fibonacci 61.8%	1.118
Daily Pivot Point S1	1.1166
Daily Pivot Point S2	1.1098
Daily Pivot Point S3	1.1057
Daily Pivot Point R1	1.1276
Daily Pivot Point R2	1.1317
Daily Pivot Point R3	1.1386

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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