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EUR/USD Technical Analysis: Targets the 21-day SMA at 1.1000 in the near term

  • EUR/USD is looking to extend the recovery from recent YTD lows in the 1.0880 region, although strong resistance emerged in the 1.0950/60 band.
  • That said, a breakout of this area should expose the minor hurdle at the 21-day SMA at 1.10.
  • Further up aligns the critical short-term resistance line, today at 1.1033. The pair needs to clear this zone in order to alleviate the downside pressure somewhat.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.096
Today Daily Change33
Today Daily Change %0.00
Today daily open1.096
 
Trends
Daily SMA201.1004
Daily SMA501.1069
Daily SMA1001.1156
Daily SMA2001.1236
 
Levels
Previous Daily High1.0964
Previous Daily Low1.0904
Previous Weekly High1.1026
Previous Weekly Low1.0905
Previous Monthly High1.111
Previous Monthly Low1.0885
Daily Fibonacci 38.2%1.0941
Daily Fibonacci 61.8%1.0927
Daily Pivot Point S11.0922
Daily Pivot Point S21.0883
Daily Pivot Point S31.0862
Daily Pivot Point R11.0981
Daily Pivot Point R21.1002
Daily Pivot Point R31.1041

Author

Pablo Piovano

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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