Home EUR/USD Technical Analysis: The pair remains under pressure. Rebound needs to surpass 1.1400 near term
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EUR/USD Technical Analysis: The pair remains under pressure. Rebound needs to surpass 1.1400 near term

  • EUR/USD sold off and recorded fresh 2019 lows in the 1.1290/85 band following the ECB event on Thursday.
  • The subsequent rebound has retaken the 1.1300 barrier and beyond so far, although a more serious bullish attempt should need to clear the 1.1400 neighbourhood, where sit recent tops. This hurdle is reinforced by the proximity of the key 55-day SMA at 1.1375.
  • On the broader look, the bearish note in spot stays unchanged while below the short-term resistance line, today at 1.1536.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1318
       Today Daily change:  0.0010  pips
       Today Daily change %:  0.09%
       Today Daily Open:  1.1308
Trends:
       Daily SMA20:  1.142
       Daily SMA50:  1.139
       Daily SMA100:  1.1452
       Daily SMA200:  1.1584
Levels:
       Previous Daily High:  1.1393
       Previous Daily Low:  1.1289
       Previous Weekly High:  1.1491
       Previous Weekly Low:  1.1353
       Previous Monthly High:  1.1486
       Previous Monthly Low:  1.1269
       Daily Fibonacci 38.2%:  1.1329
       Daily Fibonacci 61.8%:  1.1353
       Daily Pivot Point S1:  1.1267
       Daily Pivot Point S2:  1.1227
       Daily Pivot Point S3:  1.1164
       Daily Pivot Point R1:  1.1371
       Daily Pivot Point R2:  1.1433
       Daily Pivot Point R3:  1.1474

 

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