EUR/USD Technical Analysis: Rebound could be temporary. Still targets 1.1300 and below
- EUR/USD has started the week on a firm note following a context of renewed risk-on mood after the G20 event in Argentina.
- The current rebound is seen as corrective only, while the short-term resistance line and recent tops in the 1.1400 neighbourhood emerge as the next relevant barrier.
- The broader bearish noted is expected to prevail as long as the 1.1500 area caps the upside.
EUR/USD daily chart
EUR/USD
Overview:
Today Last Price: 1.1362
Today Daily change: 40 pips
Today Daily change %: 0.353%
Today Daily Open: 1.1322
Trends:
Previous Daily SMA20: 1.136
Previous Daily SMA50: 1.1451
Previous Daily SMA100: 1.153
Previous Daily SMA200: 1.1765
Levels:
Previous Daily High: 1.1402
Previous Daily Low: 1.1305
Previous Weekly High: 1.1402
Previous Weekly Low: 1.1267
Previous Monthly High: 1.15
Previous Monthly Low: 1.1216
Previous Daily Fibonacci 38.2%: 1.1342
Previous Daily Fibonacci 61.8%: 1.1365
Previous Daily Pivot Point S1: 1.1284
Previous Daily Pivot Point S2: 1.1247
Previous Daily Pivot Point S3: 1.1188
Previous Daily Pivot Point R1: 1.138
Previous Daily Pivot Point R2: 1.1439
Previous Daily Pivot Point R3: 1.1477