EUR/USD Technical Analysis: The upside met strong resistance in the 1.1060 region

The rally in EUR/USD briefly surpassed the key 55-day SMA in the mid-1.10s last Friday and recorded monthly tops in the 1.1060/65 band, although it did not close above it.
If the pair manages to gather extra traction and clear the 55-day SMA, the next stop could be September’s peak at 1.1109.
Above this area emerges the 100-day SMA at 1.1139.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1036
Today Daily Change	26
Today Daily Change %	-0.01
Today daily open	1.1037

Trends
Daily SMA20	1.0985
Daily SMA50	1.105
Daily SMA100	1.1143
Daily SMA200	1.1221

Levels
Previous Daily High	1.1063
Previous Daily Low	1.1001
Previous Weekly High	1.1063
Previous Weekly Low	1.0941
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.1039
Daily Fibonacci 61.8%	1.1025
Daily Pivot Point S1	1.1004
Daily Pivot Point S2	1.0972
Daily Pivot Point S3	1.0943
Daily Pivot Point R1	1.1066
Daily Pivot Point R2	1.1095
Daily Pivot Point R3	1.1128

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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