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EUR/USD Technical Analysis: upside now targets the 55-day SMA near 1.1040

  • EUR/USD is extending the rebound from recent lows in the 1.0990/85 band on the back of renewed weakness surrounding the dollar.
  • That said, if the buying pressure keeps building up the next target will be at the key 55-day SMA, today at 1.1036.
  • Above this area, the upside bias is expected to return to the market.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1024
Today Daily Change15
Today Daily Change %0.03
Today daily open1.1021
 
Trends
Daily SMA201.1092
Daily SMA501.1041
Daily SMA1001.1101
Daily SMA2001.1181
 
Levels
Previous Daily High1.1029
Previous Daily Low1.0989
Previous Weekly High1.1176
Previous Weekly Low1.1016
Previous Monthly High1.118
Previous Monthly Low1.0879
Daily Fibonacci 38.2%1.1013
Daily Fibonacci 61.8%1.1004
Daily Pivot Point S11.0997
Daily Pivot Point S21.0974
Daily Pivot Point S31.0958
Daily Pivot Point R11.1037
Daily Pivot Point R21.1052
Daily Pivot Point R31.1076

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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