EUR/USD Technical Analysis: The pair remains supported by the 200-day/week SMAs

EUR/USD is extending the multi-session sideline theme after being rejected from 3-month tops beyond 1.1400 the figure on Tuesday.
Firm support appeared, however, around the mid-1.1300s, where sit the 200-day/week SMAs. The resumption of the bull run should meet initial hurdle at this week’s peak near 1.1420 ahead of the more relevant 1.1450, or March tops.
This important hurdle is considered the last defence for a visit of 2019 highs in the 1.1550/70 band.
Of note, however, is the bearish ‘outside day’ charted yesterday, which could be a prologue for a move lower in the next days, particularly if spot fails to re-test/surpass recent tops above 1.1400.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1372
Today Daily Change	29
Today Daily Change %	0.02
Today daily open	1.137

Trends
Daily SMA20	1.1274
Daily SMA50	1.1224
Daily SMA100	1.1261
Daily SMA200	1.1348

Levels
Previous Daily High	1.1392
Previous Daily Low	1.1347
Previous Weekly High	1.1378
Previous Weekly Low	1.1181
Previous Monthly High	1.1266
Previous Monthly Low	1.1107
Daily Fibonacci 38.2%	1.1375
Daily Fibonacci 61.8%	1.1364
Daily Pivot Point S1	1.1348
Daily Pivot Point S2	1.1326
Daily Pivot Point S3	1.1304
Daily Pivot Point R1	1.1392
Daily Pivot Point R2	1.1414
Daily Pivot Point R3	1.1437

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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