EUR/USD Technical Analysis: Recovery remains well and sound and is now poised to test the 21-day SMA at 1.1376

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  • The pair is extending the recovery from Monday’s fresh 2018 lows near 1.1210, gaining more than a cent and now challenging 1.1376, where emerges the 21-day SMA.
  • In spite of the current rebound, EUR/USD remains under pressure while below the short-term resistance line, today at 1.1432, That said, a re-visit to the 1.1200 neighbourhood stays in the pipeline for the time being.
  • More sustainable gains should come on a surpass of the resistance line (1.1432) and last week’s tops in the critical 1.1500 neighbourhood

EUR/USD daily chart


	EUR/USD Technical Analysis: Recovery remains well and sound and is now poised to test the 21-day SMA at 1.1376

EUR/USD

Overview:
    Last Price: 1.1353
    Daily change: 21 pips
    Daily change: 0.185%
    Daily Open: 1.1332
Trends:
    Daily SMA20: 1.1379
    Daily SMA50: 1.1515
    Daily SMA100: 1.1566
    Daily SMA200: 1.1819
Levels:
    Daily High: 1.1363
    Daily Low: 1.1271
    Weekly High: 1.15
    Weekly Low: 1.1316
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1328
    Daily Fibonacci 61.8%: 1.1306
    Daily Pivot Point S1: 1.1281
    Daily Pivot Point S2: 1.123
    Daily Pivot Point S3: 1.1189
    Daily Pivot Point R1: 1.1373
    Daily Pivot Point R2: 1.1414
    Daily Pivot Point R3: 1.1466

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