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.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1024
Today Daily Change	15
Today Daily Change %	0.03
Today daily open	1.1021

Trends
Daily SMA20	1.1092
Daily SMA50	1.1041
Daily SMA100	1.1101
Daily SMA200	1.1181

Levels
Previous Daily High	1.1029
Previous Daily Low	1.0989
Previous Weekly High	1.1176
Previous Weekly Low	1.1016
Previous Monthly High	1.118
Previous Monthly Low	1.0879
Daily Fibonacci 38.2%	1.1013
Daily Fibonacci 61.8%	1.1004
Daily Pivot Point S1	1.0997
Daily Pivot Point S2	1.0974
Daily Pivot Point S3	1.0958
Daily Pivot Point R1	1.1037
Daily Pivot Point R2	1.1052
Daily Pivot Point R3	1.1076

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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