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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

 

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