EUR/USD Price Analysis: Recovery targets the 1.1120 zone

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  • EUR/USD looks firm and rebounds to the proximity of 1.1000.
  • Immediately to the upside aligns the weekly low at 1.1121.

EUR/USD gathers some upside traction and bounces off earlier lows in the 1.0900 neighbourhood on Monday.

In case bulls regain the upper hand, then EUR/USD could extend the rebound to the weekly top at 1.1121 (March 10) prior to the interim barrier at the 20-day SMA at 1.1146. The selling pressure is seen alleviated once the pair clears the 6-month resistance line, today around 1.1300.

The negative outlook for EUR/USD is expected to remain unchanged while below the key 200-day SMA, today at 1.1553.

EUR/USD daily chart

EUR/USD Price Analysis: Recovery targets the 1.1120 zone

EUR/USD

Overview
Today last price 1.096
Today Daily Change 89
Today Daily Change % 0.45
Today daily open 1.0911
Trends
Daily SMA20 1.1167
Daily SMA50 1.127
Daily SMA100 1.1326
Daily SMA200 1.1561
Levels
Previous Daily High 1.1044
Previous Daily Low 1.0902
Previous Weekly High 1.1121
Previous Weekly Low 1.0806
Previous Monthly High 1.1495
Previous Monthly Low 1.1106
Daily Fibonacci 38.2% 1.0956
Daily Fibonacci 61.8% 1.099
Daily Pivot Point S1 1.0861
Daily Pivot Point S2 1.0811
Daily Pivot Point S3 1.0719
Daily Pivot Point R1 1.1002
Daily Pivot Point R2 1.1094
Daily Pivot Point R3 1.1144

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