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EUR/USD Technical Analysis: Inability to break above the 1.10 barrier could spark some consolidation

  • EUR/USD has resumed the upside after two daily retracements in a row and it has refocused its attention to the key barrier at 1.10 the figure.
  • In the meantime, the downside pressure is expected to return to the market after a consolidative phase if spot does not clear this critical barrier in the near term.
  • In addition, while below the 3-month resistance line, today at 1.1014, the bearish view is expected to remain unaltered.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0984
Today Daily Change40
Today Daily Change %0.22
Today daily open1.096
 
Trends
Daily SMA201.0991
Daily SMA501.1055
Daily SMA1001.1148
Daily SMA2001.1227
 
Levels
Previous Daily High1.0996
Previous Daily Low1.0941
Previous Weekly High1.1
Previous Weekly Low1.0879
Previous Monthly High1.111
Previous Monthly Low1.0885
Daily Fibonacci 38.2%1.0962
Daily Fibonacci 61.8%1.0975
Daily Pivot Point S11.0935
Daily Pivot Point S21.0911
Daily Pivot Point S31.088
Daily Pivot Point R11.099
Daily Pivot Point R21.1021
Daily Pivot Point R31.1045

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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