EUR/USD Technical Analysis: A surpass of the 100-day SMA allows for a test of 1.1180

EUR/USD is prolonging the recovery so far this week and is now testing the key 100-day SMA in the 1.1120 region, coming up from 2-week lows in the 1.1070 region.
Against this backdrop, last Thursday’s bearish ‘outside day’ has already played its part and the focus now appears to have re-shifted to the upside.
That said, a move beyond the 100-day SMA should open the door for another visit to monthly peaks near 1.1180 ahead of the more relevant 200-day SMA just below 1.1200 the figure.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1116
Today Daily Change	17
Today Daily Change %	0.04
Today daily open	1.1112

Trends
Daily SMA20	1.1055
Daily SMA50	1.1037
Daily SMA100	1.1128
Daily SMA200	1.1201

Levels
Previous Daily High	1.112
Previous Daily Low	1.1074
Previous Weekly High	1.1063
Previous Weekly Low	1.0941
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.1102
Daily Fibonacci 61.8%	1.1091
Daily Pivot Point S1	1.1084
Daily Pivot Point S2	1.1056
Daily Pivot Point S3	1.1038
Daily Pivot Point R1	1.113
Daily Pivot Point R2	1.1148
Daily Pivot Point R3	1.1176

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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