OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD Technical Analysis: Next target at the 55-day/110-day SMAs around 1.1360/65

  • The pair keeps the up move unabated so far this week, moving higher to the mid-1.1300s and targeting the 1.1360/65 band, where are located the 55-day and 100-day SMAs.
  • Further north emerges the key 5-month resistance line at 1.1426, coincident with late February peaks. This area is regarded as the last defence for a test of the 1.1500 neighbourhood and possibly beyond.
  • Looking at the broader scenario, a test of YTD lows in the 1.1180/75 band remains on the cards as long as the multi-month resistance line holds the upside.

EUR/USD daily chart


    Today Last Price: 1.1347
    Today Daily change: 22 pips
    Today Daily change %: 0.06%
    Today Daily Open: 1.134
    Daily SMA20: 1.1321
    Daily SMA50: 1.1363
    Daily SMA100: 1.1368
    Daily SMA200: 1.1485
    Previous Daily High: 1.136
    Previous Daily Low: 1.1318
    Previous Weekly High: 1.1346
    Previous Weekly Low: 1.1222
    Previous Monthly High: 1.1489
    Previous Monthly Low: 1.1234
    Daily Fibonacci 38.2%: 1.1344
    Daily Fibonacci 61.8%: 1.1335
    Daily Pivot Point S1: 1.1319
    Daily Pivot Point S2: 1.1298
    Daily Pivot Point S3: 1.1277
    Daily Pivot Point R1: 1.1361
    Daily Pivot Point R2: 1.1382
    Daily Pivot Point R3: 1.1403


Canada: 2019/20 Federal Budget likely to raise deficits with not much stimulus - TDS

Andrew Kelvin, senior Canada rates strategist at TD Securities, points out that the Canadian Federal Government will release the 2019/20 budget on Mar
Read more Previous

UK Brexit Sec. Barclay: Government talks with DUP are ongoing and have been very constructive

The UK Brexit secretary Stephen Barclay, speaking to BBC Radio 4 this Tuesday, added to his earlier comments and said that government talks with DUP a
Read more Next
Start livechat