Home EUR/USD Technical Analysis: Spot poised for some consolidation near term. Resistance at 21-day SMA at 1.1616
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EUR/USD Technical Analysis: Spot poised for some consolidation near term. Resistance at 21-day SMA at 1.1616

  • The pair has started the week on a positive note so far, leaving behind Friday’s pullback.
  • Initial support emerges at the 10-day SMA in the 1.1530 region, coincident with recent lows. A breakdown of this zone should pave the way for another test of the key support at the 1.1500 neighbourhood.
  • On the upside, the 1.1616/28 band, where converge the 21- and 100-day SMA, appears as the initial hurdle ahead of a potential test of September’s peaks near 1.1800 the figure.

EUR/USD daily chart

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:
       Last Price:  1.1569
       Daily change:  9.0  pips
       Daily change:  0.0779%
       Daily Open:  1.156
Trends:
       Daily SMA20:  1.1617
       Daily SMA50:  1.1585
       Daily SMA100:  1.1628
       Daily SMA200:  1.1921
Levels:
       Daily High:  1.1611
       Daily Low:  1.1534
       Weekly High:  1.1611
       Weekly Low:  1.143
       Monthly High:  1.1816
       Monthly Low:  1.143
       Daily Fibonacci 38.2%:  1.1564
       Daily Fibonacci 61.8%:  1.1582
       Daily Pivot Point S1:  1.1526
       Daily Pivot Point S2:  1.1492
       Daily Pivot Point S3:  1.1449
       Daily Pivot Point R1:  1.1602
       Daily Pivot Point R2:  1.1645
       Daily Pivot Point R3:  1.1679

 

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