NEWS :EUR/USD Technical Analysis: The pair remains supported by the 200-day/week SMAs
- EUR/USD is extending the multi-session sideline theme after being rejected from 3-month tops beyond 1.1400 the figure on Tuesday.
- Firm support appeared, however, around the mid-1.1300s, where sit the 200-day/week SMAs. The resumption of the bull run should meet initial hurdle at this week’s peak near 1.1420 ahead of the more relevant 1.1450, or March tops.
- This important hurdle is considered the last defence for a visit of 2019 highs in the 1.1550/70 band.
- Of note, however, is the bearish ‘outside day’ charted yesterday, which could be a prologue for a move lower in the next days, particularly if spot fails to re-test/surpass recent tops above 1.1400.
EUR/USD Daily chart
|Today last price||1.1372|
|Today Daily Change||29|
|Today Daily Change %||0.02|
|Today daily open||1.137|
|Previous Daily High||1.1392|
|Previous Daily Low||1.1347|
|Previous Weekly High||1.1378|
|Previous Weekly Low||1.1181|
|Previous Monthly High||1.1266|
|Previous Monthly Low||1.1107|
|Daily Fibonacci 38.2%||1.1375|
|Daily Fibonacci 61.8%||1.1364|
|Daily Pivot Point S1||1.1348|
|Daily Pivot Point S2||1.1326|
|Daily Pivot Point S3||1.1304|
|Daily Pivot Point R1||1.1392|
|Daily Pivot Point R2||1.1414|
|Daily Pivot Point R3||1.1437|