EUR/USD Technical Analysis: Spot appears consolidative in the near term. Still below 1.1600

EUR/USD is prolonging the erratic performance so far this week, although a breakout of the 1.1600 handle in a sustainable fashion remains elusive.
Interim hurdle aligns at recent tops beyond 1.1600 the figure, coincident with the 21-day SMA and ahead of the 100-day SMA at 1.1628.
A convincing move beyond this area should allow a test of August’s peak at 1.1735 ahead of September’s tops above the 1.1800 milestone.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Last Price: 1.1572
    Daily change: -8.0 pips
    Daily change: -0.0691%
    Daily Open: 1.158
Trends:
    Daily SMA20: 1.1612
    Daily SMA50: 1.1586
    Daily SMA100: 1.1628
    Daily SMA200: 1.1918
Levels:
    Daily High: 1.1607
    Daily Low: 1.154
    Weekly High: 1.1611
    Weekly Low: 1.143
    Monthly High: 1.1816
    Monthly Low: 1.143
    Daily Fibonacci 38.2%: 1.1582
    Daily Fibonacci 61.8%: 1.1566
    Daily Pivot Point S1: 1.1544
    Daily Pivot Point S2: 1.1509
    Daily Pivot Point S3: 1.1478
    Daily Pivot Point R1: 1.1611
    Daily Pivot Point R2: 1.1642
    Daily Pivot Point R3: 1.1677

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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