Home EUR/USD Technical Analysis: Further rangebound expected below 1.1400
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EUR/USD Technical Analysis: Further rangebound expected below 1.1400

  • EUR/USD remains under pressure below the 1.1400 handle today, extending the leg lower following the rejection of last week’s tops near 1.1420.
  • While capped by the short-term resistance line at 1.1454, there is still room for a test of the key 200-day SMA at 1.1330 ahead of the 1.1300 neighbourhood.
  • Further south emerges January lows around 1.1280 ahead of YTD low in the vicinity of 1.1230 seen in mid-February.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1336
       Today Daily change:  48  pips
       Today Daily change %:  -0.26%
       Today Daily Open:  1.1365
Trends:
       Daily SMA20:  1.1344
       Daily SMA50:  1.1391
       Daily SMA100:  1.1387
       Daily SMA200:  1.1508
Levels:
       Previous Daily High:  1.1409
       Previous Daily Low:  1.1353
       Previous Weekly High:  1.1422
       Previous Weekly Low:  1.1328
       Previous Monthly High:  1.1489
       Previous Monthly Low:  1.1234
       Daily Fibonacci 38.2%:  1.1375
       Daily Fibonacci 61.8%:  1.1388
       Daily Pivot Point S1:  1.1342
       Daily Pivot Point S2:  1.132
       Daily Pivot Point S3:  1.1287
       Daily Pivot Point R1:  1.1398
       Daily Pivot Point R2:  1.1431
       Daily Pivot Point R3:  1.1453

 

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