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EUR/USD Technical Analysis: Upside limited by the 55-day SMA in the 1.1230 zone

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EUR/USD Technical Analysis: Upside limited by the 55-day SMA in the 1.1230 zone

  • EUR/USD is recovering ground lost following Tuesday’s moderate pullback to the 1.1170 area, where sits the 21-day SMA.
  • Occasional bullish attempts remain so far capped by the 55-day SMA around 1.1230 ahead of the more relevant monthly highs near 1.1250 (August 6).
  • The inability of the pair to regain this area of resistance in the near term (the sooner the better) should encourage sellers to return to the market on a more convincing fashion and trigger a move lower to, initially, the 1.1100 neighbourhood ahead of 2019 lows near 1.1020.

 

EUR/USD

Overview
Today last price 1.118
Today Daily Change 20
Today Daily Change % 0.07
Today daily open 1.1172
Trends
Daily SMA20 1.1172
Daily SMA50 1.1238
Daily SMA100 1.1224
Daily SMA200 1.1295
Levels
Previous Daily High 1.1229
Previous Daily Low 1.117
Previous Weekly High 1.1251
Previous Weekly Low 1.1104
Previous Monthly High 1.1373
Previous Monthly Low 1.106
Daily Fibonacci 38.2% 1.1193
Daily Fibonacci 61.8% 1.1207
Daily Pivot Point S1 1.1151
Daily Pivot Point S2 1.1131
Daily Pivot Point S3 1.1092
Daily Pivot Point R1 1.1211
Daily Pivot Point R2 1.125
Daily Pivot Point R3 1.127
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