EUR/USD Technical Analysis: A surpass of the 100-day SMA allows for a test of 1.1180

EUR/USD is prolonging the recovery so far this week and is now testing the key 100-day SMA in the 1.1120 region, coming up from 2-week lows in the 1.1070 region.
Against this backdrop, last Thursday’s bearish ‘outside day’ has already played its part and the focus now appears to have re-shifted to the upside.
That said, a move beyond the 100-day SMA should open the door for another visit to monthly peaks near 1.1180 ahead of the more relevant 200-day SMA just below 1.1200 the figure.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1116
Today Daily Change	17
Today Daily Change %	0.04
Today daily open	1.1112

Trends
Daily SMA20	1.1055
Daily SMA50	1.1037
Daily SMA100	1.1128
Daily SMA200	1.1201

Levels
Previous Daily High	1.112
Previous Daily Low	1.1074
Previous Weekly High	1.1063
Previous Weekly Low	1.0941
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.1102
Daily Fibonacci 61.8%	1.1091
Daily Pivot Point S1	1.1084
Daily Pivot Point S2	1.1056
Daily Pivot Point S3	1.1038
Daily Pivot Point R1	1.113
Daily Pivot Point R2	1.1148
Daily Pivot Point R3	1.1176

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD flirts with three-day lows near 1.1570

EUR/USD resumes its march south on Thursday, revisting the 1.1570 region, or three-day lows, ahead of the opening bell in Asia. The intense sell-off in the pair comes in response to the solid performance of the US Dollar amid the still unresolved crisis in the Middle East. Moving forward, investors are expected to shift their focus to the release of the US NFP on Friday.

GBP/USD stays offered near 1.3340

GBP/USD fades Wednesday’s uptick and trades with decent losses in the 1.3340 zone in the latter part of Thursday’s session. Cable’s weakness, alongside the rest of the risk complex, follows the strong performance of the Greenback amid intense geopolitical jitters.

Gold: further weakness could challenge $5,000

Gold comes under fresh selling pressure on Thursday, slipping back below the $5,100 mark per troy ounce. Persistent strength in the US Dollar (USD) is preventing the yellow metal from building a meaningful recovery, even as markets remain risk-averse amid the deepening conflict in the Middle East.

XRP rises as crypto market steadies despite Middle East war

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.

Two PMIs, two Chinas

China’s economic data are often treated with a degree of caution by global investors. The challenge is not necessarily that the numbers are incorrect, but that they can describe very different parts of a vast and complex economy. Nowhere is that more evident than in China’s PMIs.