Home EUR/USD Technical Analysis: the bullish attempt could test the 100-day SMA near 1.1120

FXStreet News

EUR/USD Technical Analysis: the bullish attempt could test the 100-day SMA near 1.1120

FX Street

Published date: 7 Nov. 2019 | 12:37

EUR/USD has reversed the recent downside after testing fresh 3-week lows in the proximity of 1.1050 earlier today.
Initial and interim hurdle emerges at the 21-day SMA just below 1.1100 the figure ahead of the more relevant 100-day SMA at 1.1117.
A break above this area of resistance should expose once again the critical barrier at 1.1179, October’s peak.

EUR/USD daily chart

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.