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EUR/USD Technical Analysis: The pair remains capped by the lower 1.1600s

  • Spot remains under pressure and navigates the lower end of the recent range and close to October’s low at 1.1432.
  • Further south lies the critical 200-week SMA at 1.1319, considered the last defense of a visit to so far 2018 lows just below 1.1300 the figure.
  • On the upside, recent tops in the 1.1620 area continues to cap the upside. Interim hurdle emerges at the 21-day SMA and the 55-day SMA at 1.1553 and 1.1576, respectively.

EUR/USD daily chart

EUR/USD

Overview:
    Last Price: 1.1466
    Daily change: -65 pips
    Daily change: -0.564%
    Daily Open: 1.1531
Trends:
    Daily SMA20: 1.1571
    Daily SMA50: 1.1584
    Daily SMA100: 1.1623
    Daily SMA200: 1.1909
Levels:
    Daily High: 1.154
    Daily Low: 1.1531
    Weekly High: 1.1622
    Weekly Low: 1.1433
    Monthly High: 1.1816
    Monthly Low: 1.1526
    Daily Fibonacci 38.2%: 1.1496
    Daily Fibonacci 61.8%: 1.1472
    Daily Pivot Point S1: 1.1453
    Daily Pivot Point S2: 1.1392
    Daily Pivot Point S3: 1.1351
    Daily Pivot Point R1: 1.1555
    Daily Pivot Point R2: 1.1596
    Daily Pivot Point R3: 1.1657

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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