EUR/USD Technical Analysis: Next target at the 55-day/110-day SMAs around 1.1360/65
19th March 2019
Posted by: Bigwig Fx
Categories: FOREX LATEST NEWS DAILY, International
The pair keeps the up move unabated so far this week, moving higher to the mid-1.1300s and targeting the 1.1360/65 band, where are located the 55-day and 100-day SMAs.
Further north emerges the key 5-month resistance line at 1.1426, coincident with late February peaks. This area is regarded as the last defence for a test of the 1.1500 neighbourhood and possibly beyond.
Looking at the broader scenario, a test of YTD lows in the 1.1180/75 band remains on the cards as long as the multi-month resistance line holds the upside.