EUR/USD Technical Analysis: The pair is eroding the multi-month support line in the 1.1280 area

Following Wednesday’s bearish ‘outside day’, EUR/USD came under pressure and is now re-testing the key multi-month support line and the 100-day SMA in the 1.1270/80 band.
In case bulls regain the upper hand, recent tops in the mid-1.1300s should be back on the radar ahead of the more relevant 200-day SMA in the 1.1360/65 band.
If the downside pressure intensifies, the 55-day and 21-day SMAs in the 1.1220 zone should offer initial contention.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1284
Today Daily Change	19
Today Daily Change %	0.07
Today daily open	1.1276

Trends
Daily SMA20	1.1217
Daily SMA50	1.122
Daily SMA100	1.1273
Daily SMA200	1.1363

Levels
Previous Daily High	1.1304
Previous Daily Low	1.1268
Previous Weekly High	1.1348
Previous Weekly Low	1.116
Previous Monthly High	1.1266
Previous Monthly Low	1.1107
Daily Fibonacci 38.2%	1.1282
Daily Fibonacci 61.8%	1.1291
Daily Pivot Point S1	1.1261
Daily Pivot Point S2	1.1247
Daily Pivot Point S3	1.1225
Daily Pivot Point R1	1.1297
Daily Pivot Point R2	1.1319
Daily Pivot Point R3	1.1333

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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