EUR/USD Technical Analysis: Bearish view unchanged while below the resistance line at 1.1406

EUR/USD remains sidelined in the 1.1300 neighbourhood following last week’s drop to the 1.1280/70 band.
The pair came under downside pressure after last week’s up move failed to convince market participants above the key barrier at 1.1400 the figure, coincident with the 5-month resistance line.
Furthermore, the negative stance on the pair is expected to prevail as long as this resistance line caps the upside, today at 1.1406.

Pablo Piovano FXStreet

EUR/SD daily chart

EUR/USD

Overview
Today last price	1.1309
Today Daily Change	20
Today Daily Change %	-0.03
Today daily open	1.1312

Trends
Daily SMA20	1.1323
Daily SMA50	1.135
Daily SMA100	1.1367
Daily SMA200	1.1477

Levels
Previous Daily High	1.1332
Previous Daily Low	1.1289
Previous Weekly High	1.1448
Previous Weekly Low	1.1273
Previous Monthly High	1.1489
Previous Monthly Low	1.1234
Daily Fibonacci 38.2%	1.1316
Daily Fibonacci 61.8%	1.1306
Daily Pivot Point S1	1.129
Daily Pivot Point S2	1.1268
Daily Pivot Point S3	1.1247
Daily Pivot Point R1	1.1334
Daily Pivot Point R2	1.1355
Daily Pivot Point R3	1.1377

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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