EUR/USD Technical Analysis: Rising bets for another test of 2019 lows near 1.1100

The pair stays on the defensive so far this week, eroding further the rebound seen during the second half of last week to the 1.1200 handle and beyond.
Immediately to the upside emerges the next target at recent peaks near 1.1220. This hurdle is reinforced by the Fibo retracement of the 2019 drop at 1.1216.
Further out, the negative view on EUR/USD remains unchanged while below the multi-month resistance line, today at 1.1264.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1155
Today Daily Change	20
Today Daily Change %	-0.06
Today daily open	1.1162

Trends
Daily SMA20	1.119
Daily SMA50	1.1226
Daily SMA100	1.1293
Daily SMA200	1.1386

Levels
Previous Daily High	1.1202
Previous Daily Low	1.1159
Previous Weekly High	1.1214
Previous Weekly Low	1.1107
Previous Monthly High	1.1326
Previous Monthly Low	1.1111
Daily Fibonacci 38.2%	1.1176
Daily Fibonacci 61.8%	1.1186
Daily Pivot Point S1	1.1147
Daily Pivot Point S2	1.1131
Daily Pivot Point S3	1.1103
Daily Pivot Point R1	1.119
Daily Pivot Point R2	1.1218
Daily Pivot Point R3	1.1234

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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