EUR/USD Technical Analysis: A test of 1.1500 and above remains on the cards while above 1.1301

EUR/USD keeps correcting lower following last week’s breakout of the 1.1500 handle.
The leg lower, however, appears well supported by the 21-day/10-day SMA in the 1.1423/18 band for the time being.
The constructive outlook and potential re-visit to the 1.1500 area and above remains on the cards as long as the short-term support line underpins, today at 1.1301.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.143
    Today Daily change: -0.0004 pips
    Today Daily change %: -0.03%
    Today Daily Open: 1.1434
Trends:
    Daily SMA20: 1.1425
    Daily SMA50: 1.1398
    Daily SMA100: 1.144
    Daily SMA200: 1.1557
Levels:
    Previous Daily High: 1.1462
    Previous Daily Low: 1.1424
    Previous Weekly High: 1.1516
    Previous Weekly Low: 1.139
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1439
    Daily Fibonacci 61.8%: 1.1447
    Daily Pivot Point S1: 1.1419
    Daily Pivot Point S2: 1.1403
    Daily Pivot Point S3: 1.1382
    Daily Pivot Point R1: 1.1456
    Daily Pivot Point R2: 1.1477
    Daily Pivot Point R3: 1.1493

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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