EUR/USD Technical Analysis: Room for the continuation of the sideline theme in the near term

The pair continues its multi-session rangebound pattern following another rejection from recent tops in levels above the key 1.1600 handle .
The pair gained some extra downside pressure after breaking below the 100-hour SMA, today at 1.1575, while the initial support aligns at the 10-day SMA at 1.1542.
A deeper pullback should see October’s low at 1.1430 retested ahead of the critical 200-week SMA, today at 1.1323.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Last Price: 1.1564
    Daily change: -10 pips
    Daily change: -0.0864%
    Daily Open: 1.1574
Trends:
    Daily SMA20: 1.1608
    Daily SMA50: 1.1586
    Daily SMA100: 1.1628
    Daily SMA200: 1.1916
Levels:
    Daily High: 1.1622
    Daily Low: 1.1565
    Weekly High: 1.1611
    Weekly Low: 1.143
    Monthly High: 1.1816
    Monthly Low: 1.143
    Daily Fibonacci 38.2%: 1.1587
    Daily Fibonacci 61.8%: 1.16
    Daily Pivot Point S1: 1.1552
    Daily Pivot Point S2: 1.153
    Daily Pivot Point S3: 1.1495
    Daily Pivot Point R1: 1.1609
    Daily Pivot Point R2: 1.1644
    Daily Pivot Point R3: 1.1666

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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