- 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.
|Today last price||1.1068|
|Today Daily Change||21|
|Today Daily Change %||-0.12|
|Today daily open||1.1081|
|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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