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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.

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

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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