EUR/USD Technical Analysis: Near term bearish below the 55-day SMA at 1.1268


  • The pair is prolonging the upside momentum and looks to consolidate above the critical 1.1200 barrier.
  • The initial hurdle of relevance emerges in the 1.1270 region, coincident with last week’s tops and the 55-day SMA. The downside pressure is expected to mitigate above this region.
  • Looking at the broader picture, another move lower to the 1.1100 neighbourhood remains on the cards as long as the multi-month resistance line, today at 1.1317, caps the upside.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.1195
Today Daily Change 28
Today Daily Change % -0.04
Today daily open 1.12
 
Trends
Daily SMA20 1.1227
Daily SMA50 1.1266
Daily SMA100 1.1329
Daily SMA200 1.1412
Levels
Previous Daily High 1.1211
Previous Daily Low 1.1172
Previous Weekly High 1.1266
Previous Weekly Low 1.1135
Previous Monthly High 1.1326
Previous Monthly Low 1.1111
Daily Fibonacci 38.2% 1.1196
Daily Fibonacci 61.8% 1.1187
Daily Pivot Point S1 1.1177
Daily Pivot Point S2 1.1155
Daily Pivot Point S3 1.1139
Daily Pivot Point R1 1.1216
Daily Pivot Point R2 1.1232
Daily Pivot Point R3 1.1254

 

 

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