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EUR/USD Technical Analysis: Holding on above 1.1100 ahead of the ECB event

  • The pair has recorded fresh multi-week lows near 1.1120 in the wake of disappointing results from the German IFO for the month of July.
  • EUR/USD remains well under downside pressure after recently breaching the key contention area at 1.1181/76.
  • That said, a potential test to yearly lows in the boundaries of 1.1100 the figure stays well on the table in the short-term horizon.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.113
Today Daily Change21
Today Daily Change %-0.09
Today daily open1.114
 
Trends
Daily SMA201.125
Daily SMA501.1243
Daily SMA1001.1245
Daily SMA2001.1313
Levels
Previous Daily High1.1156
Previous Daily Low1.1127
Previous Weekly High1.1286
Previous Weekly Low1.12
Previous Monthly High1.1414
Previous Monthly Low1.116
Daily Fibonacci 38.2%1.1138
Daily Fibonacci 61.8%1.1145
Daily Pivot Point S11.1126
Daily Pivot Point S21.1112
Daily Pivot Point S31.1097
Daily Pivot Point R11.1156
Daily Pivot Point R21.1171
Daily Pivot Point R31.1185

Author

Pablo Piovano

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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