EUR/USD technical analysis: Support seen in the mid-1.1300s, focus on the bearish 'outside day'

EUR/USD finds support at 1.1350, looks for a new direction.
Bearish potential on 'outside day' pattern which could trigger a down-move in the coming days.

Pablo Piovano FXStreet

The EUR/USD pair is now struggling for direction after finding quite decent support in the 1.1350 area. To the upside, it immediately emerges monthly tops, just above 1.1400 the figure and ahead of the more relevant area near 1.1450, or March tops. This important hurdle is considered the last defense for a visit of 2019 highs in the 1.1550/70 band.

Of note, however, is the bearish ‘outside day’ charted yesterday, which could be a prologue for a move lower in the next days.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1372
Today Daily Change	22
Today Daily Change %	0.04
Today daily open	1.1368

Trends
Daily SMA20	1.1262
Daily SMA50	1.1222
Daily SMA100	1.1261
Daily SMA200	1.1349

Levels
Previous Daily High	1.1414
Previous Daily Low	1.1344
Previous Weekly High	1.1378
Previous Weekly Low	1.1181
Previous Monthly High	1.1266
Previous Monthly Low	1.1107
Daily Fibonacci 38.2%	1.1371
Daily Fibonacci 61.8%	1.1388
Daily Pivot Point S1	1.1336
Daily Pivot Point S2	1.1305
Daily Pivot Point S3	1.1266
Daily Pivot Point R1	1.1407
Daily Pivot Point R2	1.1446
Daily Pivot Point R3	1.1477

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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