EUR/USD Technical Analysis: The outlook remains bearish while below the 55-day SMA near 1.1230

EUR/USD is prolonging the bounce off YTD lows near 1.1020, re-gaining over a cent and re-focusing on a potential visit to the 21-day SMA at 1.1183 in the near term.
While below the key 55-day SMA at 1.228, spot is expected to keep the downside bias unchanged.
A break above the short-term resistance line, today at 1.1205, should alleviate the selling pressure.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1139
Today Daily Change	38
Today Daily Change %	0.28
Today daily open	1.1108

Trends
Daily SMA20	1.1187
Daily SMA50	1.1236
Daily SMA100	1.1234
Daily SMA200	1.1301

Levels
Previous Daily High	1.1118
Previous Daily Low	1.107
Previous Weekly High	1.1164
Previous Weekly Low	1.1027
Previous Monthly High	1.1373
Previous Monthly Low	1.106
Daily Fibonacci 38.2%	1.1099
Daily Fibonacci 61.8%	1.1088
Daily Pivot Point S1	1.108
Daily Pivot Point S2	1.1051
Daily Pivot Point S3	1.1032
Daily Pivot Point R1	1.1127
Daily Pivot Point R2	1.1146
Daily Pivot Point R3	1.1175

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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