Home EUR/USD Technical Analysis: Rejection from tops above 1.1400 could prompt a deeper pullback
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EUR/USD Technical Analysis: Rejection from tops above 1.1400 could prompt a deeper pullback

  • The pair came under renewed selling pressure after hitting fresh 3-week highs in the 1.1420 on Thursday, dropping as low as the boundaries of 1.1350 so far today.
  • Another test of the area above 1.1400 the figure should open the door for a visit to the short-term resistance line, today at 1.1457.
  • As long as this area of resistance caps the upside, a drop to the critical 200-week SMA in the 1.1330 region and probably should not be ruled out.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1363
       Today Daily change:  18  pips
       Today Daily change %:  -0.09%
       Today Daily Open:  1.1373
Trends:
       Daily SMA20:  1.1349
       Daily SMA50:  1.1391
       Daily SMA100:  1.1389
       Daily SMA200:  1.1509
Levels:
       Previous Daily High:  1.1422
       Previous Daily Low:  1.1359
       Previous Weekly High:  1.1373
       Previous Weekly Low:  1.1276
       Previous Monthly High:  1.1489
       Previous Monthly Low:  1.1234
       Daily Fibonacci 38.2%:  1.1398
       Daily Fibonacci 61.8%:  1.1383
       Daily Pivot Point S1:  1.1348
       Daily Pivot Point S2:  1.1322
       Daily Pivot Point S3:  1.1286
       Daily Pivot Point R1:  1.141
       Daily Pivot Point R2:  1.1447
       Daily Pivot Point R3:  1.1473

 

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