Home EUR/USD Technical Analysis: The pair stays under pressure below the 200-day SMA at 1.1324
FXStreet News

EUR/USD Technical Analysis: The pair stays under pressure below the 200-day SMA at 1.1324

  • EUR/USD has so far met a tough barrier at the 21-day SMA in the 1.1280 region.
  • Extra gains should meet the next significance resistance at the key 200-day SMA at 1.1324. This is regarded as the last defence of a test of monthly tops near 1.1420.
  • Furthermore, while below the 200-day SMA spot is likely to re-visit monthly lows in the 1.1195/90 band ahead of 1.1181 (low June 18).

EUR/USD daily chart

 

FX Street

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.