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

EUR/USD’s weekly advance lost traction in the vicinity of the 1.1100 handle.
Inability of the pair to overcome recent tops could spark some correction.

Pablo Piovano FXStreet

EUR/USD continues to fade the initial optimism and is now under pressure after being rejected from weekly highs in the boundaries of the 1.11 mark on Thursday.

Weekly highs are also reinforced by the 100-day SMA, today at 1.1086. Ideally, spot should surpass this area in the short-term horizon in order to open the door for extra gains.

On the opposite side, if sellers regain the upper hand, another visit to the key support near 1.1040 should return to the radar. A breakdown of this important area of contention, should reassert the downside bias.

EUR/USD

Overview
Today last price	1.1058
Today Daily Change	40
Today Daily Change %	0.01
Today daily open	1.1057

Trends
Daily SMA20	1.1075
Daily SMA50	1.1044
Daily SMA100	1.1089
Daily SMA200	1.1175

Levels
Previous Daily High	1.1098
Previous Daily Low	1.1052
Previous Weekly High	1.1058
Previous Weekly Low	1.0989
Previous Monthly High	1.118
Previous Monthly Low	1.0879
Daily Fibonacci 38.2%	1.1069
Daily Fibonacci 61.8%	1.108
Daily Pivot Point S1	1.104
Daily Pivot Point S2	1.1023
Daily Pivot Point S3	1.0995
Daily Pivot Point R1	1.1086
Daily Pivot Point R2	1.1114
Daily Pivot Point R3	1.1131

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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