EUR/USD Technical Analysis: Recovery stalled just ahead of the 1.1400 handle

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  • After testing lows near 1.1330 earlier in the week, EUR/USD has attempted a rebound that so far met a tough resistance in the 1.1400 neighbourhood.
  • The pair needs to surpass the 1.1400 area on a convincing fashion to open the door for a revisit to 1.1500 the figure and beyond.
  • On the other hand, while the short-term resistance line – today at 1.1539 – continues to cap the upside, there is scope for the pair to once again test the area of YTD lows in the boundaries of 1.1300.

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.137
    Today Daily change: -0.0012 pips
    Today Daily change %: -0.11%
    Today Daily Open: 1.1382
Trends:
    Daily SMA20: 1.1426
    Daily SMA50: 1.1391
    Daily SMA100: 1.1456
    Daily SMA200: 1.1589
Levels:
    Previous Daily High: 1.1396
    Previous Daily Low: 1.1351
    Previous Weekly High: 1.1491
    Previous Weekly Low: 1.1353
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Daily Fibonacci 38.2%: 1.1378
    Daily Fibonacci 61.8%: 1.1368
    Daily Pivot Point S1: 1.1357
    Daily Pivot Point S2: 1.1331
    Daily Pivot Point S3: 1.1312
    Daily Pivot Point R1: 1.1402
    Daily Pivot Point R2: 1.1421
    Daily Pivot Point R3: 1.1447

 

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