EUR/USD Technical Analysis: Upside met resistance at 1.1350. A drop below 1.1200 still remains on the cards

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  • EUR/USD managed to bounce off 2018 lows near 1.1200 the figure to the mid-1.1300s on Wednesday, where some tough barrier turned up and sparked the current correction lower.
  • Spot stays under pressure despite the recent rebound and keeps targeting the 1.1200 neighbourhood and below, where emerges the 61.8% Fibo of the 2017-2018 rally.
  • On the flip side, the 10-day SMA at 1.1348 caps the upside for the time being ahead of the 21-day SMA at 1.1381. Further north turns up the more relevant area in the 1.1500 neighbourhood, where sits last week’s top.

EUR/USD daily chart


	EUR/USD Technical Analysis: Upside met resistance at 1.1350. A drop below 1.1200 still remains on the cards

EUR/USD

Overview:
    Last Price: 1.1314
    Daily change: -9.0 pips
    Daily change: -0.0795%
    Daily Open: 1.1323
Trends:
    Daily SMA20: 1.1385
    Daily SMA50: 1.152
    Daily SMA100: 1.1568
    Daily SMA200: 1.1824
Levels:
    Daily High: 1.1348
    Daily Low: 1.1263
    Weekly High: 1.15
    Weekly Low: 1.1316
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1315
    Daily Fibonacci 61.8%: 1.1295
    Daily Pivot Point S1: 1.1274
    Daily Pivot Point S2: 1.1226
    Daily Pivot Point S3: 1.119
    Daily Pivot Point R1: 1.1359
    Daily Pivot Point R2: 1.1396
    Daily Pivot Point R3: 1.1444

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