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EUR/USD Price Analysis: The main challenge is the 55-day SMA

  • EUR/USD is hovering around the 55-day SMA near 1.1090.
  • Key support is located around 1.1070/60.

EUR/USD’s decline met decent contention in the proximity of 1.1070. This area of support is also reinforced by the 100-day SMA and the 3-month support line in the 1.1060/65 region.

The offered bias in the spot should alleviate somewhat above the 55-day SMA, today at 1.1091.

Further south emerges the 1.1040 area, early December lows.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1091
Today Daily Change20
Today Daily Change %-0.02
Today daily open1.1093
 
Trends
Daily SMA201.1143
Daily SMA501.1103
Daily SMA1001.1072
Daily SMA2001.1134
 
Levels
Previous Daily High1.1099
Previous Daily Low1.107
Previous Weekly High1.1173
Previous Weekly Low1.1086
Previous Monthly High1.124
Previous Monthly Low1.1002
Daily Fibonacci 38.2%1.1088
Daily Fibonacci 61.8%1.1081
Daily Pivot Point S11.1076
Daily Pivot Point S21.1058
Daily Pivot Point S31.1047
Daily Pivot Point R11.1105
Daily Pivot Point R21.1116
Daily Pivot Point R31.1134

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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