EUR/USD Technical Analysis: Immediate target shifted to the 1.1100 region


  • EUR/USD rebounds sharply and surpasses the 55-day and 100-day SMAs.
  • October/November peaks around 1.1100 are now on sight.

EUR/USD has regained strong upside impetus and broke above the key hurdles at the 55-day and 100-day SMAs at 1.1040 and 1.1076, respectively.

Immediately above now emerges the 1.1090/1.1100 region, where converge October and November tops. A breakout of this area of resistance should allow for a potential test of the critical 200-day SMA near 1.1160.

If sellers regain the upper hand (not favoured in the very near-term) initial contention is seen around 1.1040. Below this area, the downside pressure should be reasserted.

EUR/USD

Overview
Today last price 1.1075
Today Daily Change 20
Today Daily Change % -0.09
Today daily open 1.1085
 
Trends
Daily SMA20 1.1039
Daily SMA50 1.1043
Daily SMA100 1.1074
Daily SMA200 1.1164
 
Levels
Previous Daily High 1.1091
Previous Daily Low 1.1002
Previous Weekly High 1.1034
Previous Weekly Low 1.0981
Previous Monthly High 1.1176
Previous Monthly Low 1.0981
Daily Fibonacci 38.2% 1.1057
Daily Fibonacci 61.8% 1.1036
Daily Pivot Point S1 1.1028
Daily Pivot Point S2 1.0971
Daily Pivot Point S3 1.0939
Daily Pivot Point R1 1.1117
Daily Pivot Point R2 1.1148
Daily Pivot Point R3 1.1205

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD retreats after strong NFP, weak German data

EUR/USD is trading below   1.11 after US Non-Farm Payrolls beat expectations with 266K and mixed wage growth. Earlier, weak German data weighed on the euro. Updates on trade are awaited.

EUR/USD News

GBP/USD shrugs off strong NFP, focuses on UK elections

GBP/USD is trading below 1.3150 but off the post-NFP lows. The US gained more jobs than expected. The Conservatives remain in the lead ahead of the debate between PM Johnson and Labour leader Corbyn.

GBP/USD News

US recession? Not so fast, a calm look at the economy and currencies ahead of the NFP

Recent US economic indicators have been downbeat, but they include silver linings and are backed by robust consumption. Valeria Bednarik, Joseph Trevisani, and Yohay Elam...

Read more

Gold drops to fresh multi-day lows on upbeat NFP report

Gold faded an intraday bullish spike to the $1480 area and tumbled to fresh multi-day lows, around the $1465 region in reaction to upbeat US monthly jobs report.

Gold News

USD/JPY: bearish ahead of US employment figures

Japanese data missed the market’s expectations, triggering fresh concerns about the economy. Focus on US employment figures, market players anticipate dismal numbers. USD/JPY is technically bearish could break below the 108.00 level.

USD/JPY News

Forex MAJORS

Cryptocurrencies

Signatures