EUR/USD Technical Analysis: Resistance lies in the low-1.1300s, where is located the 55-day SMA

The rally in EUR/USD met strong resistance in the 1.1320 region for the time being.
The 55-day SMA at 1.1311 remains as a key hurdle for EUR-bulls ahead of the 100-day SMA at 1.1345. This area is reinforced by the critical 200-week SMA at 1.1337.
Looking at the broader picture, the negative view stays intact as long as the +6-month resistance line, today at 1.1395, caps the upside. In this scenario, another test of 2019 lows in the 1.1180/70 band stays on the cards for the time being.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1309
Today Daily Change	13
Today Daily Change %	0.04
Today daily open	1.1304

Trends
Daily SMA20	1.1273
Daily SMA50	1.1302
Daily SMA100	1.135
Daily SMA200	1.1447

Levels
Previous Daily High	1.1322
Previous Daily Low	1.1298
Previous Weekly High	1.1326
Previous Weekly Low	1.1213
Previous Monthly High	1.1448
Previous Monthly Low	1.1176
Daily Fibonacci 38.2%	1.1307
Daily Fibonacci 61.8%	1.1312
Daily Pivot Point S1	1.1293
Daily Pivot Point S2	1.1284
Daily Pivot Point S3	1.1269
Daily Pivot Point R1	1.1317
Daily Pivot Point R2	1.1331
Daily Pivot Point R3	1.1341

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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