EUR/USD Technical Analysis: The pair remains bid near 1.1400. Upside capped around 1.1460/70

Spot is advancing for the second session in a row today, adding to Wednesday’s gains and managing well to keep the trade around 1.1400 the figure for the time being.
Tuesday’s bearish ‘outside day’ still remains in play, although the pair needs to regain recent tops around 1.1470 and above to allow for a re-test of the 1.1500 neighbourhood.
On the downside, the 1.1369/52 band should offer initial support, where converge weekly lows and the 21-, 10-day SMAs.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Last Price: 1.1402
    Daily change: 19 pips
    Daily change: 0.167%
    Daily Open: 1.1383
Trends:
    Daily SMA20: 1.1368
    Daily SMA50: 1.1499
    Daily SMA100: 1.1555
    Daily SMA200: 1.1802
Levels:
    Daily High: 1.1426
    Daily Low: 1.1364
    Weekly High: 1.142
    Weekly Low: 1.1216
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1402
    Daily Fibonacci 61.8%: 1.1387
    Daily Pivot Point S1: 1.1356
    Daily Pivot Point S2: 1.1329
    Daily Pivot Point S3: 1.1294
    Daily Pivot Point R1: 1.1418
    Daily Pivot Point R2: 1.1453
    Daily Pivot Point R3: 1.148

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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