EUR/USD Technical Analysis: Spot is eroding the 55-day SMA near 1.1240

  • EUR/USD has come under some selling pressure and is now challenging the key 55-day SMA at 1.1243.
  • Further downside emerges monthly lows near 1.1193. Together with mid-June low at 1.1181 and March low at 1.1176 represent a tough area of contention, which should hold the downside in the near term.
  • While below the key 200-day SMA at 1.1321, the pair’s outlook should remain negative.

EUR/USD daily chart


Today last price 1.1243
Today Daily Change 27
Today Daily Change % -0.13
Today daily open 1.1258
Daily SMA20 1.1289
Daily SMA50 1.1244
Daily SMA100 1.1255
Daily SMA200 1.1325
Previous Daily High 1.1286
Previous Daily Low 1.1253
Previous Weekly High 1.1286
Previous Weekly Low 1.1193
Previous Monthly High 1.1414
Previous Monthly Low 1.116
Daily Fibonacci 38.2% 1.1265
Daily Fibonacci 61.8% 1.1273
Daily Pivot Point S1 1.1246
Daily Pivot Point S2 1.1233
Daily Pivot Point S3 1.1214
Daily Pivot Point R1 1.1278
Daily Pivot Point R2 1.1298
Daily Pivot Point R3 1.1311



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

AUD/USD holds higher ground above 0.7300

AUD/USD extends gains above 0.7300 amid fresh US dollar selling across the board, as the market sentiment remains mixed starting out a fresh week.  PBOC's status-quo and the rally in copper prices bode well for the aussie. 


USD/JPY extends losses below 104.50 amid risk-aversion

USD/JPY resumes its decline towards 104.00 amid risk-off action in the Asian equities and broad dollar weakness. Markets in Tokyo are off for Respect-for-the-Aged Day, Focus shifts to the Fed Chair Powell's speech. 


Gold due for a breakout, according to key indicator

Gold's multi-week consolidation in a narrowing price range could end with a bullish breakout, as a widely-tracked daily chart indicator is about to turn bullish. The yellow metal has carved out a descending triangle pattern over the past four weeks.

Gold News

The week ahead: Central bankers’ chance to explain themselves

Global equities took another hit at the end of last week, and as we start a fresh week there is some concern that volatility could be creeping back into the markets and that tech has lost some of its lustre, along with gold, which also ended the week lower. 

Read more

WTI buyers attack $41.00 amid US-Iran tension, escalating virus woes

WTI remains heavy below 50-day SMA, drops from $41.18 to begin the week. The energy benchmark keeps trailing 50-day SMA for over two weeks while taking clues from the US-Iran tussle and the coronavirus (COVID-19) headlines. Hopes of further stimulus, China’s optimism favor energy bulls.

Oil News