25 Jan 2019
EUR/USD Technical Analysis: The pair remains under pressure. Rebound needs to surpass 1.1400 near term
- EUR/USD sold off and recorded fresh 2019 lows in the 1.1290/85 band following the ECB event on Thursday.
- The subsequent rebound has retaken the 1.1300 barrier and beyond so far, although a more serious bullish attempt should need to clear the 1.1400 neighbourhood, where sit recent tops. This hurdle is reinforced by the proximity of the key 55-day SMA at 1.1375.
- On the broader look, the bearish note in spot stays unchanged while below the short-term resistance line, today at 1.1536.
EUR/USD daily chart
EUR/USD
Overview:
Today Last Price: 1.1318
Today Daily change: 0.0010 pips
Today Daily change %: 0.09%
Today Daily Open: 1.1308
Trends:
Daily SMA20: 1.142
Daily SMA50: 1.139
Daily SMA100: 1.1452
Daily SMA200: 1.1584
Levels:
Previous Daily High: 1.1393
Previous Daily Low: 1.1289
Previous Weekly High: 1.1491
Previous Weekly Low: 1.1353
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Daily Fibonacci 38.2%: 1.1329
Daily Fibonacci 61.8%: 1.1353
Daily Pivot Point S1: 1.1267
Daily Pivot Point S2: 1.1227
Daily Pivot Point S3: 1.1164
Daily Pivot Point R1: 1.1371
Daily Pivot Point R2: 1.1433
Daily Pivot Point R3: 1.1474