Home EUR/USD Technical Analysis: Ongoing recovery now re-focused on the 1.1300/13 band
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EUR/USD Technical Analysis: Ongoing recovery now re-focused on the 1.1300/13 band

  • The pair is advancing for the third session in a row on Tuesday, recovering further ground following last week’s sharp sell-off led by the dovish shift in the ECB to fresh 2019 lows in the 1.1180 region.
  • In light of the current recovery, EUR/USD is now targeting the 1.1300/12 band, where emerge the 10-day and 21-day SMAs.
  • Further up is located the key short-term resistance line at 1.1433. Above this level, the downside pressure should be mitigated.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1282
       Today Daily change:  41  pips
       Today Daily change %:  0.34%
       Today Daily Open:  1.1244
Trends:
       Daily SMA20:  1.1317
       Daily SMA50:  1.1373
       Daily SMA100:  1.1373
       Daily SMA200:  1.1497
Levels:
       Previous Daily High:  1.1259
       Previous Daily Low:  1.1222
       Previous Weekly High:  1.1388
       Previous Weekly Low:  1.1176
       Previous Monthly High:  1.1489
       Previous Monthly Low:  1.1234
       Daily Fibonacci 38.2%:  1.1244
       Daily Fibonacci 61.8%:  1.1236
       Daily Pivot Point S1:  1.1225
       Daily Pivot Point S2:  1.1205
       Daily Pivot Point S3:  1.1188
       Daily Pivot Point R1:  1.1262
       Daily Pivot Point R2:  1.1279
       Daily Pivot Point R3:  1.1299

 

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