Home EUR/USD Technical Analysis: The up move met resistance in the 55-day SMA at 1.1363
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EUR/USD Technical Analysis: The up move met resistance in the 55-day SMA at 1.1363

  • The upside momentum in EUR/USD met a strong hurdle in the 1.1365/60 band, where align the key 55-day/100-day SMAs.
  • Spot needs to clear this area to allow for a test of the key 5-month resistance line at 1.1419, coincident with late February peaks, and to alleviate immediate downside pressure.
  • This area is regarded as the last defence for a test of the 1.1500 neighbourhood and possibly beyond.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1345
       Today Daily change:  17  pips
       Today Daily change %:  -0.07%
       Today Daily Open:  1.1353
Trends:
       Daily SMA20:  1.1322
       Daily SMA50:  1.1361
       Daily SMA100:  1.1369
       Daily SMA200:  1.1483
Levels:
       Previous Daily High:  1.1362
       Previous Daily Low:  1.1334
       Previous Weekly High:  1.1346
       Previous Weekly Low:  1.1222
       Previous Monthly High:  1.1489
       Previous Monthly Low:  1.1234
       Daily Fibonacci 38.2%:  1.1351
       Daily Fibonacci 61.8%:  1.1345
       Daily Pivot Point S1:  1.1337
       Daily Pivot Point S2:  1.1321
       Daily Pivot Point S3:  1.1308
       Daily Pivot Point R1:  1.1366
       Daily Pivot Point R2:  1.1378
       Daily Pivot Point R3:  1.1394

 

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