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EUR/USD Technical Analysis: Rising bets for another test of 2019 lows near 1.1100

  • The pair stays on the defensive so far this week, eroding further the rebound seen during the second half of last week to the 1.1200 handle and beyond.
  • Immediately to the upside emerges the next target at recent peaks near 1.1220. This hurdle is reinforced by the Fibo retracement of the 2019 drop at 1.1216.
  • Further out, the negative view on EUR/USD remains unchanged while below the multi-month resistance line, today at 1.1264.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1155
Today Daily Change20
Today Daily Change %-0.06
Today daily open1.1162
 
Trends
Daily SMA201.119
Daily SMA501.1226
Daily SMA1001.1293
Daily SMA2001.1386
Levels
Previous Daily High1.1202
Previous Daily Low1.1159
Previous Weekly High1.1214
Previous Weekly Low1.1107
Previous Monthly High1.1326
Previous Monthly Low1.1111
Daily Fibonacci 38.2%1.1176
Daily Fibonacci 61.8%1.1186
Daily Pivot Point S11.1147
Daily Pivot Point S21.1131
Daily Pivot Point S31.1103
Daily Pivot Point R11.119
Daily Pivot Point R21.1218
Daily Pivot Point R31.1234

Author

Pablo Piovano

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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