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EUR/USD Technical Analysis: Further upside should target the 1.1600 barrier and above

  • The pessimism around the greenback pushed EUR/USD to fresh 2019 tops in the 1.1570 region, opening the door to further gains in the near term horizon.
  • The short-term constructive outlook around the pair is expected to remain in place while above the 2-month support line, today at 1.1315.
  • The continuation of the up move should meet the next relevant hurdle in the 1.1620/30 band, where sit October’s peak and the critical 200-day SMA.

EUR/USD daily chart

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:
    Today Last Price: 1.1546
    Today Daily change: -8.0 pips
    Today Daily change %: -0.0692%
    Today Daily Open: 1.1554
Trends:
    Previous Daily SMA20: 1.1408
    Previous Daily SMA50: 1.1381
    Previous Daily SMA100: 1.1478
    Previous Daily SMA200: 1.1635
Levels:
    Previous Daily High: 1.1558
    Previous Daily Low: 1.1435
    Previous Weekly High: 1.1586
    Previous Weekly Low: 1.1309
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Previous Daily Fibonacci 38.2%: 1.1511
    Previous Daily Fibonacci 61.8%: 1.1482
    Previous Daily Pivot Point S1: 1.1473
    Previous Daily Pivot Point S2: 1.1392
    Previous Daily Pivot Point S3: 1.135
    Previous Daily Pivot Point R1: 1.1597
    Previous Daily Pivot Point R2: 1.1639
    Previous Daily Pivot Point R3: 1.172

 

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