Home EUR/USD Technical Analysis: The 55-day SMA at 1.1380 expected to hold the downside in the near term
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EUR/USD Technical Analysis: The 55-day SMA at 1.1380 expected to hold the downside in the near term

  • The pair remains under pressure on Thursday although the initial bearish attempt has been contained by the key 55-day SMA around 1.1380.
  • In case the leg lower intensifies, the 1.1300 neighbourhood where lies the so far YTD lows should return to the investors’ radar.
  • Looking up north, the 21-day SMA   at 1.1420 emerges as the interim resistance seconded by the 1.1450 zone, where converge the 10-day SMA and a Fibo retracement of the September-November decline.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1396
       Today Daily change:  3.0  pips
       Today Daily change %:  0.0263%
       Today Daily Open:  1.1393
Trends:
       Previous Daily SMA20:  1.1433
       Previous Daily SMA50:  1.1384
       Previous Daily SMA100:  1.1468
       Previous Daily SMA200:  1.1614
Levels:
       Previous Daily High:  1.1425
       Previous Daily Low:  1.1378
       Previous Weekly High:  1.1571
       Previous Weekly Low:  1.1396
       Previous Monthly High:  1.1486
       Previous Monthly Low:  1.1269
       Previous Daily Fibonacci 38.2%:  1.1396
       Previous Daily Fibonacci 61.8%:  1.1407
       Previous Daily Pivot Point S1:  1.1372
       Previous Daily Pivot Point S2:  1.1351
       Previous Daily Pivot Point S3:  1.1324
       Previous Daily Pivot Point R1:  1.1419
       Previous Daily Pivot Point R2:  1.1446
       Previous Daily Pivot Point R3:  1.1467

 

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