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EUR/USD Technical Analysis: Interim resistance emerges at the 55-day SMA at 1.1236

  • EUR/USD dropped and recorded fresh 2019 lows near 1.1100 the figure on Thursday, although it managed not only to close the day with gains but also reverse that drop and reclaim the 1.1200 barrier and above.
  • The continuation of the corrective rebound carries the potential to extend and re-test the 55-day SMA ahead of 1.1240.
  • The broader perspective, however, remains bearish as long as the multi-month resistance line at 1.1275, caps the upside.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1187
Today Daily Change33
Today Daily Change %0.06
Today daily open1.118
 
Trends
Daily SMA201.1189
Daily SMA501.1235
Daily SMA1001.1301
Daily SMA2001.1391
Levels
Previous Daily High1.1188
Previous Daily Low1.1107
Previous Weekly High1.1264
Previous Weekly Low1.1154
Previous Monthly High1.1326
Previous Monthly Low1.1111
Daily Fibonacci 38.2%1.1157
Daily Fibonacci 61.8%1.1138
Daily Pivot Point S11.1129
Daily Pivot Point S21.1077
Daily Pivot Point S31.1047
Daily Pivot Point R11.121
Daily Pivot Point R21.124
Daily Pivot Point R31.1292

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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