Home EUR/USD Technical Analysis: The up move faltered just ahead of the 100-day SMA near 1.1140

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EUR/USD Technical Analysis: The up move faltered just ahead of the 100-day SMA near 1.1140

FX Street

Updated: 17 Oct. 2019 | 12:17

EUR/USD has quickly climbed to fresh 2-month highs near 1.1140 boosted by news of a Brexit deal.
While the 100-day SMA at 1.1140 should offer initial resistance, the continuation of the buying impetus could lift the pair to. Initially, 1.1163 (high August 26^th) ahead of the Fibo retracement at 1.1186.
Further up emerges the critical 200-day SMA at 1.1210.

EUR/USD daily chart

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