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EUR/USD Technical Analysis: Upside so far capped by the key 200-day SMA at 1.1362

  • EUR/USD is recovering part of the ground lost on Wednesday to the 1.1290/80 band.
  • Further consolidation around current levels carries the potential to morph into the inability of the pair to convincingly break above recent tops in the mid-1.1300s and motivate sellers to return to the markets.
  • This view is reinforced by Wednesday’s bearish ‘outside day’.
  • On the upside, the next hurdle of significance is t he 200-day SMA, today at 1.1362.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1295
Today Daily Change13
Today Daily Change %0.07
Today daily open1.1287
 
Trends
Daily SMA201.1212
Daily SMA501.1219
Daily SMA1001.1274
Daily SMA2001.1365
Levels
Previous Daily High1.1344
Previous Daily Low1.1282
Previous Weekly High1.1348
Previous Weekly Low1.116
Previous Monthly High1.1266
Previous Monthly Low1.1107
Daily Fibonacci 38.2%1.1306
Daily Fibonacci 61.8%1.1321
Daily Pivot Point S11.1265
Daily Pivot Point S21.1242
Daily Pivot Point S31.1203
Daily Pivot Point R11.1327
Daily Pivot Point R21.1367
Daily Pivot Point R31.1389

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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