EUR/USD Technical Analysis: Spot looks vulnerable and still targets 1.1188

The pair rebounded from recent 2018 lows in the vicinity of 1.1210 on Tuesday to the 1.1320 region, where sellers stepped in once again and drove spot lower.
Despite the bounce, EUR/USD remain fragile and still eyes a test of 1.1188, a Fibo retracement of the 2017-2018 up move.
On the upside, interim hurdle now aligns at yesterday’s peak at 1.1320 ahead of 1.1355 (10-day SMA) and 1.1389 (21-day SMA).

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Last Price: 1.1267
    Daily change: -18 pips
    Daily change: -0.160%
    Daily Open: 1.1285
Trends:
    Daily SMA20: 1.1394
    Daily SMA50: 1.1527
    Daily SMA100: 1.157
    Daily SMA200: 1.1829
Levels:
    Daily High: 1.1294
    Daily Low: 1.1216
    Weekly High: 1.15
    Weekly Low: 1.1316
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1264
    Daily Fibonacci 61.8%: 1.1246
    Daily Pivot Point S1: 1.1236
    Daily Pivot Point S2: 1.1186
    Daily Pivot Point S3: 1.1157
    Daily Pivot Point R1: 1.1314
    Daily Pivot Point R2: 1.1344
    Daily Pivot Point R3: 1.1393

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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