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.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1187
Today Daily Change	33
Today Daily Change %	0.06
Today daily open	1.118

Trends
Daily SMA20	1.1189
Daily SMA50	1.1235
Daily SMA100	1.1301
Daily SMA200	1.1391

Levels
Previous Daily High	1.1188
Previous Daily Low	1.1107
Previous Weekly High	1.1264
Previous Weekly Low	1.1154
Previous Monthly High	1.1326
Previous Monthly Low	1.1111
Daily Fibonacci 38.2%	1.1157
Daily Fibonacci 61.8%	1.1138
Daily Pivot Point S1	1.1129
Daily Pivot Point S2	1.1077
Daily Pivot Point S3	1.1047
Daily Pivot Point R1	1.121
Daily Pivot Point R2	1.124
Daily Pivot Point R3	1.1292

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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