EUR/USD Technical Analysis: Downside pressure persists below 1.1500

The pair comes under some selling pressure at the end of the week after two consecutive daily advances and a couple of failed attempts to break above the 1.1400 mark.
The negative bias is poised to persist as long as the pair trades below November’s peak in the 1.1500 neighbourhood, leaving a test of YTD lows around 1.1200 well on the cards.
On the upside, interim hurdle emerges at recent tops in the 1.1470/80 band.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1379
    Today Daily change: -11 pips
    Today Daily change %: -0.0966%
    Today Daily Open: 1.139
Trends:
    Previous Daily SMA20: 1.1364
    Previous Daily SMA50: 1.146
    Previous Daily SMA100: 1.1534
    Previous Daily SMA200: 1.177
Levels:
    Previous Daily High: 1.1402
    Previous Daily Low: 1.1348
    Previous Weekly High: 1.1473
    Previous Weekly Low: 1.1328
    Previous Monthly High: 1.1625
    Previous Monthly Low: 1.1302
    Previous Daily Fibonacci 38.2%: 1.1382
    Previous Daily Fibonacci 61.8%: 1.1369
    Previous Daily Pivot Point S1: 1.1358
    Previous Daily Pivot Point S2: 1.1326
    Previous Daily Pivot Point S3: 1.1304
    Previous Daily Pivot Point R1: 1.1412
    Previous Daily Pivot Point R2: 1.1434
    Previous Daily Pivot Point R3: 1.1466

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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