EUR/USD Technical Analysis: Spot remains under pressure and targets 1.1118

EUR/USD has regained the 1.1200 handle and above at the beginning of the week after bottoming out in the 1.1180 region on Thursday, coincident with a Fibo retracement of the 2017-2018 rally.
In the meantime, the pair’s downside is expected to prevail while below the short-term resistance line, today at 1.1440.
On the upside, decent resistance is seen emerging around 1.1310/12, where converge the 21-day and 10-day SMAs.

Pablo Piovano FXStreet

EURUSD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1247
    Today Daily change: 27 pips
    Today Daily change %: 0.13%
    Today Daily Open: 1.1232
Trends:
    Daily SMA20: 1.1319
    Daily SMA50: 1.1377
    Daily SMA100: 1.1375
    Daily SMA200: 1.1499
Levels:
    Previous Daily High: 1.1246
    Previous Daily Low: 1.118
    Previous Weekly High: 1.1388
    Previous Weekly Low: 1.1176
    Previous Monthly High: 1.1489
    Previous Monthly Low: 1.1234
    Daily Fibonacci 38.2%: 1.1221
    Daily Fibonacci 61.8%: 1.1205
    Daily Pivot Point S1: 1.1192
    Daily Pivot Point S2: 1.1153
    Daily Pivot Point S3: 1.1126
    Daily Pivot Point R1: 1.1259
    Daily Pivot Point R2: 1.1286
    Daily Pivot Point R3: 1.1325

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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