EUR/USD Technical Analysis: The 55-day SMA at 1.1380 expected to hold the downside in the near term
- The pair remains under pressure on Thursday although the initial bearish attempt has been contained by the key 55-day SMA around 1.1380.
- In case the leg lower intensifies, the 1.1300 neighbourhood where lies the so far YTD lows should return to the investors’ radar.
- Looking up north, the 21-day SMA at 1.1420 emerges as the interim resistance seconded by the 1.1450 zone, where converge the 10-day SMA and a Fibo retracement of the September-November decline.
EUR/USD daily chart
EUR/USD
Overview:
Today Last Price: 1.1396
Today Daily change: 3.0 pips
Today Daily change %: 0.0263%
Today Daily Open: 1.1393
Trends:
Previous Daily SMA20: 1.1433
Previous Daily SMA50: 1.1384
Previous Daily SMA100: 1.1468
Previous Daily SMA200: 1.1614
Levels:
Previous Daily High: 1.1425
Previous Daily Low: 1.1378
Previous Weekly High: 1.1571
Previous Weekly Low: 1.1396
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Previous Daily Fibonacci 38.2%: 1.1396
Previous Daily Fibonacci 61.8%: 1.1407
Previous Daily Pivot Point S1: 1.1372
Previous Daily Pivot Point S2: 1.1351
Previous Daily Pivot Point S3: 1.1324
Previous Daily Pivot Point R1: 1.1419
Previous Daily Pivot Point R2: 1.1446
Previous Daily Pivot Point R3: 1.1467