EUR/USD Technical Analysis: Bullish attempts limited by the 1.1280/90 band

EUR/USD is navigating the lower bound of the recent range following Friday’s deep retracement after once again failing at the 1.1280/90 band.
The pair needs to leave behind this important area of resistance on a sustainable fashion in order to alleviate immediate downside pressure. In this area coincide the 21-day SMA and last week’s tops.
Looking at the broader picture, the negative perspective remains intact as long as the critical 200-day SMA, today at 1.1315, caps the upside.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1219
Today Daily Change	16
Today Daily Change %	-0.03
Today daily open	1.1222

Trends
Daily SMA20	1.1282
Daily SMA50	1.1246
Daily SMA100	1.1249
Daily SMA200	1.1318

Levels
Previous Daily High	1.1284
Previous Daily Low	1.1203
Previous Weekly High	1.1286
Previous Weekly Low	1.12
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1234
Daily Fibonacci 61.8%	1.1253
Daily Pivot Point S1	1.1189
Daily Pivot Point S2	1.1156
Daily Pivot Point S3	1.1109
Daily Pivot Point R1	1.1269
Daily Pivot Point R2	1.1316
Daily Pivot Point R3	1.1349

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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