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EUR/USD Technical Analysis: Upside momentum limited by the 55-day/100-day SMAs above 1.1200

  • EUR/USD is looking to resume the upside and leave behind Monday’s moderate retracement to as low as the 1.1090 region.
  • In case the upside impetus picks up extra pace, spot could extend the up move to, initially, a Fibo retracement at 1.1186 while the 1.1207/10 band emerges as a more significant resistance. In this area coincide the 55-day and 100-day SMAs.
  • Immediately to the downside, initial contention emerges in the 1.1100 neighbourhood, where is located the 10-day SMA and weekly lows, ahead of last week’s lows in the mid-1.10s.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1108
Today Daily Change19
Today Daily Change %0.07
Today daily open1.11
 
Trends
Daily SMA201.1136
Daily SMA501.1207
Daily SMA1001.1213
Daily SMA2001.1284
Levels
Previous Daily High1.1164
Previous Daily Low1.1094
Previous Weekly High1.1154
Previous Weekly Low1.1052
Previous Monthly High1.1373
Previous Monthly Low1.106
Daily Fibonacci 38.2%1.1121
Daily Fibonacci 61.8%1.1138
Daily Pivot Point S11.1075
Daily Pivot Point S21.105
Daily Pivot Point S31.1005
Daily Pivot Point R11.1145
Daily Pivot Point R21.119
Daily Pivot Point R31.1215

Author

Pablo Piovano

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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