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.

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