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EUR/USD Technical Analysis: Extra consolidation remains on the cards

  • A serious bullish attempt remains elusive for the time being, as EUR/USD still can’t clear the mid-1.1300s on a convincing fashion. This area of resistance is reinforced by the Fibo retracement of the September-November drop (1.1356).
  • A serious bull run is expected to face relevant resistance in the 1.1381/92 band, where emerges the 55-day and 100-day SMAs.
  • Further north aligns another Fibo retracement at 1.1442 ahead of the 1.1460 region, where is located the short-term resistance line.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1348
       Today Daily change:  32  pips
       Today Daily change %:  0.14%
       Today Daily Open:  1.1332
Trends:
       Daily SMA20:  1.1363
       Daily SMA50:  1.1392
       Daily SMA100:  1.1395
       Daily SMA200:  1.1517
Levels:
       Previous Daily High:  1.1358
       Previous Daily Low:  1.1316
       Previous Weekly High:  1.1373
       Previous Weekly Low:  1.1276
       Previous Monthly High:  1.1586
       Previous Monthly Low:  1.1289
       Daily Fibonacci 38.2%:  1.1332
       Daily Fibonacci 61.8%:  1.1342
       Daily Pivot Point S1:  1.1313
       Daily Pivot Point S2:  1.1293
       Daily Pivot Point S3:  1.127
       Daily Pivot Point R1:  1.1355
       Daily Pivot Point R2:  1.1378
       Daily Pivot Point R3:  1.1397

 

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