|

EUR/USD Technical Analysis: Interim resistance emerges at the 55-day SMA at 1.1236

  • EUR/USD dropped and recorded fresh 2019 lows near 1.1100 the figure on Thursday, although it managed not only to close the day with gains but also reverse that drop and reclaim the 1.1200 barrier and above.
  • The continuation of the corrective rebound carries the potential to extend and re-test the 55-day SMA ahead of 1.1240.
  • The broader perspective, however, remains bearish as long as the multi-month resistance line at 1.1275, caps the upside.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1187
Today Daily Change33
Today Daily Change %0.06
Today daily open1.118
 
Trends
Daily SMA201.1189
Daily SMA501.1235
Daily SMA1001.1301
Daily SMA2001.1391
Levels
Previous Daily High1.1188
Previous Daily Low1.1107
Previous Weekly High1.1264
Previous Weekly Low1.1154
Previous Monthly High1.1326
Previous Monthly Low1.1111
Daily Fibonacci 38.2%1.1157
Daily Fibonacci 61.8%1.1138
Daily Pivot Point S11.1129
Daily Pivot Point S21.1077
Daily Pivot Point S31.1047
Daily Pivot Point R11.121
Daily Pivot Point R21.124
Daily Pivot Point R31.1292

Author

Pablo Piovano

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

More from Pablo Piovano
Share:

Editor's Picks

EUR/USD recedes to daily lows near 1.1770

EUR/USD is losing some momentun, easing to daily troughs around 1.1770 on turnaround Tuesday. The pair’s pullback comes amid solid gains in the US Dollar, all amid lingering uncertainty around US tariffs ahead of comments from Fed officials.

GBP/USD comes under pressure below 1.3500, focus on BoE

GBP/USD is on the defensive again on Tuesday, hovering below the 1.3500 mark as the Greenback stages a firm rebound after two soft sessions. Investors, in the meantime, are expected to closely follow BoE official’s comments later in the day.

Gold fades the advance, back to $5,100

Gold is giving back a good portion of the recent multi-day rally, receding to the boundaries of the $5,100 region per troy ounce amid the marked rebound in the Greenback. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.