EUR/USD Technical Analysis: The pair breaks above 1.10 and the resistance line… next stop the 55-day SMA?

EUR/USD has intensified the upside after breaking above the critical barrier at 1.10 the figure and the key short-term resistance line in the 1.1020 region.
Above the latter, the downside pressure should mitigate and allow for a potential visit to the 55-day SMA at 1.1056.
If the upside impulse does not subside, the September’s top at 1.1109 should return to the radar.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1028
Today Daily Change	61
Today Daily Change %	0.40
Today daily open	1.0984

Trends
Daily SMA20	1.0989
Daily SMA50	1.1053
Daily SMA100	1.1146
Daily SMA200	1.1225

Levels
Previous Daily High	1.099
Previous Daily Low	1.0955
Previous Weekly High	1.1
Previous Weekly Low	1.0879
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.0977
Daily Fibonacci 61.8%	1.0968
Daily Pivot Point S1	1.0963
Daily Pivot Point S2	1.0941
Daily Pivot Point S3	1.0927
Daily Pivot Point R1	1.0998
Daily Pivot Point R2	1.1012
Daily Pivot Point R3	1.1033

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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