EUR/USD Technical Analysis: The 200-day SMA near 1.1370 still caps the upside

EUR/USD is reversing Tuesday’s negative price action although it manages well to keep business above the critical 1.1300 the figure for the time being.
Downside pressure now appears mitigated following the recent breakout of the multi-month resistance line near 1.1280 and a probable visit to the key 200-day SMA at 1.1365 now looks likely in the short-term horizon.
When and if this area of resistance is cleared, a potential move to March’s peaks in the mid-1.1400s should return to the radar.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1318
Today Daily Change	24
Today Daily Change %	0.05
Today daily open	1.1312

Trends
Daily SMA20	1.1202
Daily SMA50	1.1216
Daily SMA100	1.1275
Daily SMA200	1.1368

Levels
Previous Daily High	1.1331
Previous Daily Low	1.129
Previous Weekly High	1.1348
Previous Weekly Low	1.116
Previous Monthly High	1.1266
Previous Monthly Low	1.1107
Daily Fibonacci 38.2%	1.1306
Daily Fibonacci 61.8%	1.1315
Daily Pivot Point S1	1.1291
Daily Pivot Point S2	1.127
Daily Pivot Point S3	1.125
Daily Pivot Point R1	1.1332
Daily Pivot Point R2	1.1352
Daily Pivot Point R3	1.1373

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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