EUR/USD Technical Analysis: Further upside seen struggling at the 55-day SMA at 1.1211

EUR/USD charted a bullish ‘outside day’ last Friday, although today’s price action seems to challenge the possibility of further gains.
In case the upside impetus resumes, the pair could extend the up move to, initially, a Fibo retracement at 1.1186 ahead of the 1.1211 region, where sits the 55-day SMA.
Immediately to the downside, initial contention emerges in the 1.1100 neighbourhood, where is located the 10-day SMA ahead of last week’s lows in the mid-1.10s.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1114
Today Daily Change	53
Today Daily Change %	-0.27
Today daily open	1.1144

Trends
Daily SMA20	1.1138
Daily SMA50	1.1209
Daily SMA100	1.1215
Daily SMA200	1.1286

Levels
Previous Daily High	1.1154
Previous Daily Low	1.1052
Previous Weekly High	1.1154
Previous Weekly Low	1.1052
Previous Monthly High	1.1373
Previous Monthly Low	1.106
Daily Fibonacci 38.2%	1.1115
Daily Fibonacci 61.8%	1.1091
Daily Pivot Point S1	1.1078
Daily Pivot Point S2	1.1014
Daily Pivot Point S3	1.0976
Daily Pivot Point R1	1.1182
Daily Pivot Point R2	1.122
Daily Pivot Point R3	1.1284

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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