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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.

Pablo Piovano FXStreet

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

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

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