EUR/USD Technical Analysis: The upside was rejected from the resistance line above 1.1100

The post-ECB up move in EUR/USD met a solid hurdle in the 1.1100 neighbourhood, where emerges the key short-term resistance line.
Failure to regain and surpass this area in the near term should spark some consolidation ahead of the potential resumption of the selling pressure.
In case sellers return to the markets on a convincing fashion, there is scope for the pair to re-test the area of YTD lows near 1.0920.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1061
Today Daily Change	38
Today Daily Change %	-0.12
Today daily open	1.1074

Trends
Daily SMA20	1.1054
Daily SMA50	1.1131
Daily SMA100	1.1184
Daily SMA200	1.1261

Levels
Previous Daily High	1.111
Previous Daily Low	1.1056
Previous Weekly High	1.111
Previous Weekly Low	1.0927
Previous Monthly High	1.1251
Previous Monthly Low	1.0962
Daily Fibonacci 38.2%	1.1089
Daily Fibonacci 61.8%	1.1077
Daily Pivot Point S1	1.105
Daily Pivot Point S2	1.1027
Daily Pivot Point S3	1.0997
Daily Pivot Point R1	1.1104
Daily Pivot Point R2	1.1133
Daily Pivot Point R3	1.1157

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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