EUR/USD Technical Analysis: Rebound could be temporary. Still targets 1.1300 and below

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  • EUR/USD has started the week on a firm note following a context of renewed risk-on mood after the G20 event in Argentina.
  • The current rebound is seen as corrective only, while the short-term resistance line and recent tops in the 1.1400 neighbourhood emerge as the next relevant barrier.
  • The broader bearish noted is expected to prevail as long as the 1.1500 area caps the upside.

EUR/USD daily chart


	EUR/USD Technical Analysis: Rebound could be temporary. Still targets 1.1300 and below

EUR/USD

Overview:
    Today Last Price: 1.1362
    Today Daily change: 40 pips
    Today Daily change %: 0.353%
    Today Daily Open: 1.1322
Trends:
    Previous Daily SMA20: 1.136
    Previous Daily SMA50: 1.1451
    Previous Daily SMA100: 1.153
    Previous Daily SMA200: 1.1765
Levels:
    Previous Daily High: 1.1402
    Previous Daily Low: 1.1305
    Previous Weekly High: 1.1402
    Previous Weekly Low: 1.1267
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1342
    Previous Daily Fibonacci 61.8%: 1.1365
    Previous Daily Pivot Point S1: 1.1284
    Previous Daily Pivot Point S2: 1.1247
    Previous Daily Pivot Point S3: 1.1188
    Previous Daily Pivot Point R1: 1.138
    Previous Daily Pivot Point R2: 1.1439
    Previous Daily Pivot Point R3: 1.1477

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