EUR/USD Technical Analysis: a test of 1.10 remains on the cards

EUR/USD stays under pressure despite the ongoing recovery on US-China headlines.
The cross needs to regains the key 55-day SMA in the 1.1040 region to reassert the upside pressure and therefore allow for attest of the 11-day SMA around 1.1110.
The continuation of the selling pressure targets the psychological barrier at 1.10 the figure ahead of the 1.0920 region.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1034
Today Daily Change	19
Today Daily Change %	0.11
Today daily open	1.1022

Trends
Daily SMA20	1.1102
Daily SMA50	1.104
Daily SMA100	1.1115
Daily SMA200	1.1188

Levels
Previous Daily High	1.1056
Previous Daily Low	1.1016
Previous Weekly High	1.1176
Previous Weekly Low	1.1016
Previous Monthly High	1.118
Previous Monthly Low	1.0879
Daily Fibonacci 38.2%	1.1032
Daily Fibonacci 61.8%	1.1041
Daily Pivot Point S1	1.1007
Daily Pivot Point S2	1.0992
Daily Pivot Point S3	1.0967
Daily Pivot Point R1	1.1047
Daily Pivot Point R2	1.1072
Daily Pivot Point R3	1.1087

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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