EUR/USD Technical Analysis: Still looks negative below 1.1391, 6-month resistance line

EUR/USD has so far managed to reverse yesterday’s drop to fresh weekly lows in the 1.1280 region.
Spot has regained 1.1300 the figure today and markets’ attention has once again shifted to the critical 200-week SMA near 1.1340 ahead of the 100-day SMA, today at 1.1345.
Looking at the broader picture, the offered bias remains unchaged as long as the +6-month resistance line, today at 1.1391, caps the upside. In this scenario, another test of 2019 lows in the 1.1180/70 band stays on the cards for the time being.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1317
Today Daily Change	45
Today Daily Change %	0.32
Today daily open	1.1281

Trends
Daily SMA20	1.1269
Daily SMA50	1.13
Daily SMA100	1.135
Daily SMA200	1.1445

Levels
Previous Daily High	1.1316
Previous Daily Low	1.128
Previous Weekly High	1.1326
Previous Weekly Low	1.1213
Previous Monthly High	1.1448
Previous Monthly Low	1.1176
Daily Fibonacci 38.2%	1.1293
Daily Fibonacci 61.8%	1.1302
Daily Pivot Point S1	1.1268
Daily Pivot Point S2	1.1256
Daily Pivot Point S3	1.1233
Daily Pivot Point R1	1.1304
Daily Pivot Point R2	1.1328
Daily Pivot Point R3	1.134

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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