Home EUR/USD Technical Analysis: Spot remains under pressure and targets 1.1118
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EUR/USD Technical Analysis: Spot remains under pressure and targets 1.1118

  • EUR/USD has regained the 1.1200 handle and above at the beginning of the week after bottoming out in the 1.1180 region on Thursday, coincident with a Fibo retracement of the 2017-2018 rally.
  • In the meantime, the pair’s downside is expected to prevail while below the short-term resistance line, today at 1.1440.
  • On the upside, decent resistance is seen emerging around 1.1310/12, where converge the 21-day and 10-day SMAs.

EURUSD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1247
       Today Daily change:  27  pips
       Today Daily change %:  0.13%
       Today Daily Open:  1.1232
Trends:
       Daily SMA20:  1.1319
       Daily SMA50:  1.1377
       Daily SMA100:  1.1375
       Daily SMA200:  1.1499
Levels:
       Previous Daily High:  1.1246
       Previous Daily Low:  1.118
       Previous Weekly High:  1.1388
       Previous Weekly Low:  1.1176
       Previous Monthly High:  1.1489
       Previous Monthly Low:  1.1234
       Daily Fibonacci 38.2%:  1.1221
       Daily Fibonacci 61.8%:  1.1205
       Daily Pivot Point S1:  1.1192
       Daily Pivot Point S2:  1.1153
       Daily Pivot Point S3:  1.1126
       Daily Pivot Point R1:  1.1259
       Daily Pivot Point R2:  1.1286
       Daily Pivot Point R3:  1.1325

 

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