“¢ The pair extended its intraday rejection slide from 100-day SMA and has now drifted into negative territory, hitting fresh daily lows in the last hour.
EUR/USD daily chart
-636843652991647150.png)
“¢ The downward momentum dragged the pair to test 50-hour SMA immediate support, which if broken might trigger some additional intraday weakness.
“¢ Technical indicators on the 1-hourly chart have just started gaining negative momentum but managed to hold with a positive bias on 4-hourly/daily charts.
1-hourly chart
-636843653297588495.png)
“¢ Hence, it would be prudent to wait for a subsequent fall before confirming that the recent corrective rally has ended and positioning for any further downfall.
EUR/USD
Overview:
Today Last Price: 1.1422
Today Daily change %: -0.05%
Today Daily Open: 1.1428
Trends:
Daily SMA20: 1.1417
Daily SMA50: 1.139
Daily SMA100: 1.1449
Daily SMA200: 1.1575
Levels:
Previous Daily High: 1.1446
Previous Daily Low: 1.139
Previous Weekly High: 1.1418
Previous Weekly Low: 1.1289
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Daily Fibonacci 38.2%: 1.1424
Daily Fibonacci 61.8%: 1.1411
Daily Pivot Point S1: 1.1397
Daily Pivot Point S2: 1.1366
Daily Pivot Point S3: 1.1342
Daily Pivot Point R1: 1.1452
Daily Pivot Point R2: 1.1477
Daily Pivot Point R3: 1.1508
Share
