EUR/USD Technical Analysis: Spot remains supported by 2018 low at 1.1215

EUR/USD managed to regain some buying interest after dropping to fresh 2019 lows at 1.1248 last Friday.
Extra pullbacks should face 2018 lows at 1.1216. As long as this level underpins, further rangebound and potential bullish attempts should not be ruled out.
Initial target is now at last week’s tops in the 1.1340 region. This resistance zone is reinforced by the Fibo retracement of the September-November drop at 1.1356.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.131
    Today Daily change: 36 pips
    Today Daily change %: 0.11%
    Today Daily Open: 1.1298
Trends:
    Daily SMA20: 1.1371
    Daily SMA50: 1.1393
    Daily SMA100: 1.1405
    Daily SMA200: 1.1529
Levels:
    Previous Daily High: 1.1312
    Previous Daily Low: 1.1234
    Previous Weekly High: 1.1344
    Previous Weekly Low: 1.1234
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1282
    Daily Fibonacci 61.8%: 1.1264
    Daily Pivot Point S1: 1.1251
    Daily Pivot Point S2: 1.1204
    Daily Pivot Point S3: 1.1174
    Daily Pivot Point R1: 1.1329
    Daily Pivot Point R2: 1.1359
    Daily Pivot Point R3: 1.1406

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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