EUR/USD Price Analysis: Focus remains on the 200-day SMA near 1.1140

The ongoing recovery in EUR/USD has so far struggled to overcome the key barrier at the 1.1140 region, home of the key 200-day SMA. Above this area, t  |  14/01/2020 11:10
  • EUR/USD meets expected resistance in the 1.1140 region.
  • The outlook stays positive above the 55-day SMA (1.1093).

The ongoing recovery in EUR/USD has so far struggled to overcome the key barrier at the 1.1140 region, home of the key 200-day SMA.

Above this area, the buying pressure is seen regaining strength with the immediate targets then at 1.1186 (Fibo retracement) ahead of late December peaks near 1.1240.

In case sellers return to the market, then the 55-day SMA in the 1.1090 region should re-emerge on the horizon.

EUR/USD daily chart

 

Share

Popular News

Show More Popular News

TheFXApp's Views

TheFXApp analyses will provide both fundamental and technical comprehensions on finance
and other asset classes for TheFXApp viewers

Back

Login to TheFXApp Account

Your TheFXApp account gives you access to the tools that we offer our customers including our
Technical Studies & Sentiment for your accounts.

Forgot Password?

Don't you have a TheFXApp account? With a few easy steps you can easily register to TheFXApp

Create a TheFXApp's Account

Your TheFXApp account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

register_ty

Thank you!

Welcome to TheFXApp family!

You have succesfully completed the registration.
We will send you an e-mail to give you some
instructions and our Terms and Conditions!
Our account representatives will be contacting you as
soon as possible. If you have any further questions
please do not hesitate to mail us via info@thefxapp.com