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EUR/USD Technical Analysis: Next target at the 55-day/110-day SMAs around 1.1360/65

  • The pair keeps the up move unabated so far this week, moving higher to the mid-1.1300s and targeting the 1.1360/65 band, where are located the 55-day and 100-day SMAs.
  • Further north emerges the key 5-month resistance line at 1.1426, coincident with late February peaks. This area is regarded as the last defence for a test of the 1.1500 neighbourhood and possibly beyond.
  • Looking at the broader scenario, a test of YTD lows in the 1.1180/75 band remains on the cards as long as the multi-month resistance line holds the upside.

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1347
    Today Daily change: 22 pips
    Today Daily change %: 0.06%
    Today Daily Open: 1.134
Trends:
    Daily SMA20: 1.1321
    Daily SMA50: 1.1363
    Daily SMA100: 1.1368
    Daily SMA200: 1.1485
Levels:
    Previous Daily High: 1.136
    Previous Daily Low: 1.1318
    Previous Weekly High: 1.1346
    Previous Weekly Low: 1.1222
    Previous Monthly High: 1.1489
    Previous Monthly Low: 1.1234
    Daily Fibonacci 38.2%: 1.1344
    Daily Fibonacci 61.8%: 1.1335
    Daily Pivot Point S1: 1.1319
    Daily Pivot Point S2: 1.1298
    Daily Pivot Point S3: 1.1277
    Daily Pivot Point R1: 1.1361
    Daily Pivot Point R2: 1.1382
    Daily Pivot Point R3: 1.1403

 

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