EUR/USD Technical Analysis: The bull run is seen testing the 200-day SMA in the near term

The upside momentum in the pair remains well in place so far this week, extending the rebound from May’s lows to the 1.1340 region, where sits the 50% Fibo retracement of the 2019 drop.
The recent break above the multi-monht resistance line in the 1.1270 region has mitigated the downside pressure, fuelling further the up move.
That said, the door remains open for a visit to the critical 200-day SMA at 1.1364, regarded as the last defence for a test of the mid-1.1400s, March’s peaks.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1336
Today Daily Change	15
Today Daily Change %	0.07
Today daily open	1.1328

Trends
Daily SMA20	1.1208
Daily SMA50	1.1218
Daily SMA100	1.1275
Daily SMA200	1.1366

Levels
Previous Daily High	1.1338
Previous Daily Low	1.1301
Previous Weekly High	1.1348
Previous Weekly Low	1.116
Previous Monthly High	1.1266
Previous Monthly Low	1.1107
Daily Fibonacci 38.2%	1.1324
Daily Fibonacci 61.8%	1.1316
Daily Pivot Point S1	1.1306
Daily Pivot Point S2	1.1285
Daily Pivot Point S3	1.1269
Daily Pivot Point R1	1.1344
Daily Pivot Point R2	1.136
Daily Pivot Point R3	1.1381

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.

EUR/USD keeps the offered stance just above 1.1700

EUR/USD is coming under heavy selling pressure in what has been a rather grim start to the new trading week, with the pair now trading close to the 1.1700 support area as the US Dollar stages a solid rebound. The prevailing flight to safety mood continues to favour the Greenback, as investors react to the escalating conflict in the Middle East and trim risk exposure across the board.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold trims losses, back below $5,400

Gold now surrenders part of the earlier advance past the $5,400 mark per troy ounce at the beginning of the week. Indeed, the precious metal’s strong uptick remains fuelled by increasing geopolitical tensions in the Middle East amid the intense demand for safer assets.