EUR/USD Technical Analysis: The pair approaches the key resistance line in the 1.1020 region

  • EUR/USD is finding increasingly difficult to break above the critical resistance at the 1.10 barrier.
  • The inability of the pair to break above this area of resistance in the near term carries the potential to spark a consolidative move ahead of the likely resumption of the selling sentiment.
  • In addition, while below the 3-month resistance line, today at 1.1018, the bearish view is expected to remain unaltered.

EUR/USD daily chart

EUR/USD

OVERVIEW
Today last price 1.0989
Today Daily Change 28
Today Daily Change % 0.15
Today daily open 1.0972
TRENDS
Daily SMA20 1.0995
Daily SMA50 1.1059
Daily SMA100 1.115
Daily SMA200 1.1229
LEVELS
Previous Daily High 1.1001
Previous Daily Low 1.0962
Previous Weekly High 1.1
Previous Weekly Low 1.0879
Previous Monthly High 1.111
Previous Monthly Low 1.0885
Daily Fibonacci 38.2% 1.0977
Daily Fibonacci 61.8% 1.0986
Daily Pivot Point S1 1.0956
Daily Pivot Point S2 1.0939
Daily Pivot Point S3 1.0917
Daily Pivot Point R1 1.0994
Daily Pivot Point R2 1.1017
Daily Pivot Point R3 1.1033

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