Home EUR/USD Technical Analysis: The pair could extend the upside to 100-day SMA at 1.1345

FXStreet News

EUR/USD Technical Analysis: The pair could extend the upside to 100-day SMA at 1.1345

FX Street

Updated: 15 Apr. 2019 | 10:37

EUR/USD is moving higher after breaking above the 1.1300 handle, always on the back of a softer greenback.
The continuation of the upside mood should pave the way for a test of the critical 200-week SMA near 1.1340 ahead of the 100-day SMA at 1.1345.
Despite the ongoing recovery, the pair’s bearish outlook remains unchanged while the +6-month resistance line, today at 1.1395, caps the upside. In this scenario, another test of 2019 lows in the 1.1180/70 band stays on the cards for the time being.

EUR/USD daily chart

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.