EUR/USD Technical Analysis: Rally expected to visit the 21-day SMA at 1.1621

EUR/USD is now struggling to add to recent gains and is returning to sub-1.1600 levels after clinching tops at 1.1610 in earlier in the day.
Further upside is expected to meet initial resistance at 1.1621, where sits the 21-day SMA ahead of the 100-day SMA, today at 1.1629. A breakout of this area on a convincing fashion is need to allow for extra gains.
On the downside, the 10-day SMA at 1.1532 emerges as the initial contention ahead of recent lows in the 1.1430 region.

Pablo Piovano FXStreet

EUR/USD

Overview:
    Last Price: 1.1585
    Daily change: -9.0 pips
    Daily change: -0.0776%
    Daily Open: 1.1594
Trends:
    Daily SMA20: 1.1621
    Daily SMA50: 1.1586
    Daily SMA100: 1.1629
    Daily SMA200: 1.1923
Levels:
    Daily High: 1.16
    Daily Low: 1.1519
    Weekly High: 1.1625
    Weekly Low: 1.1464
    Monthly High: 1.1816
    Monthly Low: 1.1464
    Daily Fibonacci 38.2%: 1.1569
    Daily Fibonacci 61.8%: 1.155
    Daily Pivot Point S1: 1.1542
    Daily Pivot Point S2: 1.149
    Daily Pivot Point S3: 1.1461
    Daily Pivot Point R1: 1.1623
    Daily Pivot Point R2: 1.1652
    Daily Pivot Point R3: 1.1704

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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