EUR/USD Technical Analysis: Recent tops and the 55-day SMA keeps limiting extra gains

  • EUR/USD remains bid above the 1.1200 handle although gains are still capped by the 1.1260/70 region, where converge the 55-day SMA and recent tops.
  • Further consolidation is likely in the near term, although the inability to clear this initial hurdle could motivate sellers to step in once again and put the pair under downside pressure.
  • In the broader picture, the negative outlook on spot stays unchanged while below the key multi-month resistance line at 1.1299. Against this backdrop, the door for another visit to 2019 lows in the 1.1100 neighbourhood remains well open.

EUR/USD daily chart


Today last price 1.1233
Today Daily Change 23
Today Daily Change % 0.10
Today daily open 1.1222
Daily SMA20 1.121
Daily SMA50 1.125
Daily SMA100 1.132
Daily SMA200 1.1402
Previous Daily High 1.1264
Previous Daily Low 1.1222
Previous Weekly High 1.1254
Previous Weekly Low 1.1166
Previous Monthly High 1.1326
Previous Monthly Low 1.1111
Daily Fibonacci 38.2% 1.1238
Daily Fibonacci 61.8% 1.1248
Daily Pivot Point S1 1.1208
Daily Pivot Point S2 1.1193
Daily Pivot Point S3 1.1164
Daily Pivot Point R1 1.125
Daily Pivot Point R2 1.1279
Daily Pivot Point R3 1.1293




Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei. European elections are warming up.


GBP/USD consolidates its losses amid Brexit pessimism

GBP/USD is trading in the low 1.2700s, close to the lowest since January. UK PM May is set to present a new plan after cross-party talks failed and as calls for her to quit mount.


USD/JPY off multi-day tops, looks to test 110.00 ahead of Fedspeak

Japanese growth optimism in play as risk-on fades amid looming US-China trade risks. Eyes on risk sentiment, trade developments and Fed speak for fresh directives.


Gold aims to revisit 9-month old support-line near $1272

Gold is on its third negative trading day as it seesaws near $1276.50 ahead of the European open on Monday. Pessimism surrounding the US-China and the US-Iran relations could limit the bullion’s decline near trend-line support.

Gold News

Cryptos stage a Sunday surge, levels to watch – Confluence Detector

Cryptocurrencies have enjoyed a massive comeback early on Sunday, recovering most losses. The cleanup seen ahead of the weekend may be over, and it is time to look up to higher levels. Here are the levels to watch according to the Confluence Detector.

Read more