EUR/USD Technical Analysis: The pair flirts with resistance line. Targets 1.1470/80

EUR/USD is prolonging the up move so far this week and is approaching the critical barrier at 1.1400 the figure.
At the same time, spot is eroding the key short-term resistance line, today at 1.1392. A move beyond 1.1400 should target recent lows in the 1.1470/80 band, considered the last defense for a test of the critical 1.1500 neighbourhood.
A resumption of the downtrend could see last week’s lows near 1.1270 re-tested.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1386
    Today Daily change: 41 pips
    Today Daily change %: 0.361%
    Today Daily Open: 1.1345
Trends:
    Previous Daily SMA20: 1.1357
    Previous Daily SMA50: 1.1443
    Previous Daily SMA100: 1.1527
    Previous Daily SMA200: 1.176
Levels:
    Previous Daily High: 1.1382
    Previous Daily Low: 1.132
    Previous Weekly High: 1.1402
    Previous Weekly Low: 1.1267
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1343
    Previous Daily Fibonacci 61.8%: 1.1358
    Previous Daily Pivot Point S1: 1.1316
    Previous Daily Pivot Point S2: 1.1287
    Previous Daily Pivot Point S3: 1.1254
    Previous Daily Pivot Point R1: 1.1378
    Previous Daily Pivot Point R2: 1.1411
    Previous Daily Pivot Point R3: 1.144

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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