EUR/USD Technical Analysis: Remains bearish below the resistance line at 1.1114


  • Despite Wednesday’s test of the 1.0980 region, EUR/USD remains broadly within a consolidative mood above the 1.10 handle.
  • The ECB event later today will be key in determining the near/medium term price action of spot. On the upside, initial hurdle emerges at last week’s top at 1.1085 ahead of the resistance line at 1.1114.
  • Above the latter, the downside pressure should subside somewhat and allow for a move higher to the more relevant 1.1146/63 band, where coincide the 55-day SMA and late August top.
  • Looking south, Wednesday’s low at 1.0985 should offer interim resistance in case sellers regain the upper hand ahead of another test of the 2019 low at 1.0926.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.1014
Today Daily Change 14
Today Daily Change % 0.00
Today daily open 1.1014
 
Trends
Daily SMA20 1.1058
Daily SMA50 1.1138
Daily SMA100 1.1186
Daily SMA200 1.1265
Levels
Previous Daily High 1.1056
Previous Daily Low 1.0985
Previous Weekly High 1.1085
Previous Weekly Low 1.0926
Previous Monthly High 1.1251
Previous Monthly Low 1.0962
Daily Fibonacci 38.2% 1.1012
Daily Fibonacci 61.8% 1.1029
Daily Pivot Point S1 1.0981
Daily Pivot Point S2 1.0948
Daily Pivot Point S3 1.091
Daily Pivot Point R1 1.1051
Daily Pivot Point R2 1.1089
Daily Pivot Point R3 1.1122

 

 

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