EUR/USD Technical Analysis: recovery could extend to the 100-day SMA at 1.1128

EUR/USD is rebounding from recent lows in the 1.1070 region after two consecutive daily pullbacks.
Despite the ongoing recovery, Thursday’s bearish ‘outside day’ remains well in place and still points to further losses in the near term.
That said, a deeper pullback should see the 55-day SMA at 1.1042 retested. This area of support is reinforced by the proximity of the 21-day SMA, today at 1.1036.
On the upside, the 100-day SMA at 1.1128 emerges as the initial target.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1094
Today Daily Change	21
Today Daily Change %	0.13
Today daily open	1.108

Trends
Daily SMA20	1.1036
Daily SMA50	1.1036
Daily SMA100	1.1132
Daily SMA200	1.1204

Levels
Previous Daily High	1.1124
Previous Daily Low	1.1072
Previous Weekly High	1.1063
Previous Weekly Low	1.0941
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.1092
Daily Fibonacci 61.8%	1.1105
Daily Pivot Point S1	1.106
Daily Pivot Point S2	1.104
Daily Pivot Point S3	1.1008
Daily Pivot Point R1	1.1112
Daily Pivot Point R2	1.1144
Daily Pivot Point R3	1.1164

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.

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