EUR/USD Technical Analysis: Upside limited by the 200-day SMA at 1.1337

EUR/USD is losing further ground today, prolonging the rejection from recent tops above the 1.1400 handle and the subsequent breakdown of the key 200-day SMA i the 1.1340 region.
Further retracements are now on the table and target the 100-day SMA at 1.1259 ahead of the 55-day SMA at 1.1231.
On the other hand, spot needs to overcome the 200-day/week SMA in the 1.1340 region to alleviate downside pressure and refocus on the 1.1400 handle and beyond.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1272
Today Daily Change	27
Today Daily Change %	-0.14
Today daily open	1.1288

Trends
Daily SMA20	1.13
Daily SMA50	1.1231
Daily SMA100	1.1261
Daily SMA200	1.1339

Levels
Previous Daily High	1.1322
Previous Daily Low	1.1275
Previous Weekly High	1.1414
Previous Weekly Low	1.1344
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1304
Daily Fibonacci 61.8%	1.1293
Daily Pivot Point S1	1.1268
Daily Pivot Point S2	1.1248
Daily Pivot Point S3	1.122
Daily Pivot Point R1	1.1315
Daily Pivot Point R2	1.1342
Daily Pivot Point R3	1.1362

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.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.