- EUR/USD made a U-turn and reversed the decline at 1.0960.
- Continuation of the upside points to the 1.1140 region.
The EUR/USD reverses two consecutive daily pullbacks and manages to quickly break out of daily lows in the 1.0960 area on Tuesday.
Additional buying interest should reach the immediate barrier at the 20-day SMA at 1.1052, which is seen as the last hurdle for a visit to the weekly high at 1.1137 (March 17).
The long-term negative outlook for EUR/USD is expected to remain unchanged while below the key 200-day SMA today at 1.1519.
EUR/USD daily chart
Additional technical levels
EUR/USD
| Panorama | |
|---|---|
| Last Price Today | 1.1034 |
| Today’s Daily Change | 0.0018 |
| Today’s Daily Change % | 0.16 |
| Today’s Daily Opening | 1.1016 |
| Trends | |
|---|---|
| 20 Daily SMA | 1.1069 |
| 50 Daily SMA | 1.1235 |
| 100 Daily SMA | 1,129 |
| 200 Daily SMA | 1.1527 |
| levels | |
|---|---|
| Previous Daily High | 1,107 |
| Previous Daily Minimum | 1,101 |
| Previous Maximum Weekly | 1.1138 |
| Previous Weekly Minimum | 1.0901 |
| Monthly Prior Maximum | 1.1495 |
| Previous Monthly Minimum | 1.1106 |
| Daily Fibonacci 38.2% | 1.1033 |
| Daily Fibonacci 61.8% | 1.1047 |
| Daily Pivot Point S1 | 1.0994 |
| Daily Pivot Point S2 | 1.0972 |
| Daily Pivot Point S3 | 1.0934 |
| Daily Pivot Point R1 | 1.1054 |
| Daily Pivot Point R2 | 1.1092 |
| Daily Pivot Point R3 | 1.1114 |
Source: Fx Street
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