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EUR/USD Price Analysis: Looks consolidative below 1.0900

  • EUR/USD keeps the side-line fashion below the 1.09 mark.
  • Interim resistance emerges at the 55-day SMA at 1.0950.

EUR/USD is fading part of the recent positive performance, although it manages well to keep business above the 1.0800 yardstick for the time being.

Further rangebound trading remains well on the cards for the time being, although the inability to probe or better clear the 55-day SMA at 1.0950 in the short-term horizon carries the potential to encourage sellers to return to the market on a more convincing fashion.

That said, the initial magnet to the downside sits at last week’s lows in the 1.0770/65 band ahead of April’s low at 1.0727 (April 24th).

EUR/USD daily chart

EUR/USD

Overview
Today last price1.084
Today Daily Change42
Today Daily Change %0.00
Today daily open1.084
 
Trends
Daily SMA201.0867
Daily SMA501.0955
Daily SMA1001.0993
Daily SMA2001.1029
 
Levels
Previous Daily High1.0876
Previous Daily Low1.0815
Previous Weekly High1.0981
Previous Weekly Low1.0767
Previous Monthly High1.1039
Previous Monthly Low1.0727
Daily Fibonacci 38.2%1.0853
Daily Fibonacci 61.8%1.0838
Daily Pivot Point S11.0811
Daily Pivot Point S21.0783
Daily Pivot Point S31.0751
Daily Pivot Point R11.0872
Daily Pivot Point R21.0904
Daily Pivot Point R31.0932

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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