EUR/USD Technical Analysis: A test of the 55-day SMA around 1.1050 stays on the table

EUR/USD has managed to rebound from recent lows near 1.1100 the figure and advanced to the 1.1160/65 band earlier today, where it lost some vigour.
The expected dovish tone from the ECB event later today carries the potential to spark another challenge of the 1.1100 neighbourhood.
If the selling impetus gathers further traction, then the critical 55-day SMA in the mid-1.10s would become the next target of relevance.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1125
Today Daily Change	38
Today Daily Change %	-0.05
Today daily open	1.1131

Trends
Daily SMA20	1.102
Daily SMA50	1.1036
Daily SMA100	1.1136
Daily SMA200	1.1207

Levels
Previous Daily High	1.1141
Previous Daily Low	1.1106
Previous Weekly High	1.1063
Previous Weekly Low	1.0941
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.1127
Daily Fibonacci 61.8%	1.1119
Daily Pivot Point S1	1.1111
Daily Pivot Point S2	1.1091
Daily Pivot Point S3	1.1076
Daily Pivot Point R1	1.1145
Daily Pivot Point R2	1.116
Daily Pivot Point R3	1.118

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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