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EUR/USD Technical Analysis: Further rangebound expected below 1.1400

  • EUR/USD remains under pressure below the 1.1400 handle today, extending the leg lower following the rejection of last week’s tops near 1.1420.
  • While capped by the short-term resistance line at 1.1454, there is still room for a test of the key 200-day SMA at 1.1330 ahead of the 1.1300 neighbourhood.
  • Further south emerges January lows around 1.1280 ahead of YTD low in the vicinity of 1.1230 seen in mid-February.

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1336
    Today Daily change: 48 pips
    Today Daily change %: -0.26%
    Today Daily Open: 1.1365
Trends:
    Daily SMA20: 1.1344
    Daily SMA50: 1.1391
    Daily SMA100: 1.1387
    Daily SMA200: 1.1508
Levels:
    Previous Daily High: 1.1409
    Previous Daily Low: 1.1353
    Previous Weekly High: 1.1422
    Previous Weekly Low: 1.1328
    Previous Monthly High: 1.1489
    Previous Monthly Low: 1.1234
    Daily Fibonacci 38.2%: 1.1375
    Daily Fibonacci 61.8%: 1.1388
    Daily Pivot Point S1: 1.1342
    Daily Pivot Point S2: 1.132
    Daily Pivot Point S3: 1.1287
    Daily Pivot Point R1: 1.1398
    Daily Pivot Point R2: 1.1431
    Daily Pivot Point R3: 1.1453

 

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