EUR/USD Technical Analysis: Upside remains capped by the 1.1100 area


  • EUR/USD has once again met a tough hurdle near 1.1100.
  • A break below the 55-day SMA should reassert the offered bias.

Despite the recent loss of momentum, EUR/USD stays firm and continues to track the developments from the US-China trade front.

The immediate target emerges at the 1.1090/1.1100 region, where converge October and November tops. A breakout of this area of resistance should allow for a potential test of the critical 200-day SMA, today at 1.1159.

However, If sellers regain control of the market (not favoured in the very near-term), initial contention is seen around 1.1040, where is located the 55-day SMA. Below this area, the downside pressure is expected to prevail.

EUR/USD

Overview
Today last price 1.1068
Today Daily Change 21
Today Daily Change % -0.12
Today daily open 1.1081
 
Trends
Daily SMA20 1.104
Daily SMA50 1.1044
Daily SMA100 1.1073
Daily SMA200 1.1163
 
Levels
Previous Daily High 1.1094
Previous Daily Low 1.1066
Previous Weekly High 1.1034
Previous Weekly Low 1.0981
Previous Monthly High 1.1176
Previous Monthly Low 1.0981
Daily Fibonacci 38.2% 1.1077
Daily Fibonacci 61.8% 1.1083
Daily Pivot Point S1 1.1066
Daily Pivot Point S2 1.1051
Daily Pivot Point S3 1.1037
Daily Pivot Point R1 1.1095
Daily Pivot Point R2 1.1109
Daily Pivot Point R3 1.1124

 

 

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