EUR/USD Technical Analysis: Up move could retest the 1.1500 neighbourhood in the near term

EUR/USD is advancing for the fifth consecutive session on Monday, looking to consolidate the recent break above the key barrier at 1.1400 the figure.
The up move in spot carries the potential to test last week’s tops in the 1.1500 neighbourhood if the key 1.1450 area is cleared, where lies an important Fibonacci retracement of the 2017-2018 rally.
In case the pair resumes the downside, last week’s fresh 2018 lows in the boundaries of 1.1200 should come to the fore.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Last Price: 1.1422
    Daily change: 6.0 pips
    Daily change: 0.0526%
    Daily Open: 1.1416
Trends:
    Daily SMA20: 1.1374
    Daily SMA50: 1.1512
    Daily SMA100: 1.1563
    Daily SMA200: 1.1815
Levels:
    Daily High: 1.142
    Daily Low: 1.132
    Weekly High: 1.142
    Weekly Low: 1.1216
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1382
    Daily Fibonacci 61.8%: 1.1358
    Daily Pivot Point S1: 1.135
    Daily Pivot Point S2: 1.1284
    Daily Pivot Point S3: 1.1249
    Daily Pivot Point R1: 1.1451
    Daily Pivot Point R2: 1.1486
    Daily Pivot Point R3: 1.1552

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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