EUR/USD Price Analysis: The 1.1800 area keeps capping the upside

The recovery in EUR/USD struggles to stay above 1.1800.
Friday’s bullish “upside day” allows for extra gains.

Pablo Piovano FXStreet

EUR/USD failed once again to extend the recovery beyond the key 1.18 yardstick at the beginning of the week.

Past the 1.1800 hurdle comes in the interim resistance at the 55-day SMA, today at 1.1824 ahead of the more relevant 1.1900 neighbourhood, where coincide the July/August peaks.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2001.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1791
Today Daily Change	27
Today Daily Change %	-0.03
Today daily open	1.1795

Trends
Daily SMA20	1.1764
Daily SMA50	1.1815
Daily SMA100	1.1956
Daily SMA200	1.2006

Levels
Previous Daily High	1.1802
Previous Daily Low	1.1735
Previous Weekly High	1.1802
Previous Weekly Low	1.1693
Previous Monthly High	1.1909
Previous Monthly Low	1.1752
Daily Fibonacci 38.2%	1.1777
Daily Fibonacci 61.8%	1.1761
Daily Pivot Point S1	1.1753
Daily Pivot Point S2	1.171
Daily Pivot Point S3	1.1685
Daily Pivot Point R1	1.182
Daily Pivot Point R2	1.1845
Daily Pivot Point R3	1.1887

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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