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EUR/USD Technical Analysis: Decline could extend to 1.1330 and 1.1300

  • EUR/USD remains on the defensive so far this week and the continuation of the bearish move carries the potential to re-visit the key 200-day SMA at 1.1329 ahead of the 1.1300 neighbourhood.
  • Further downside should meet extra support in the YTD lows in the 1.1290/85 band.
  • In the meantime, the negative view is expected to remain in place while below the 4-month resistance line at 1.1506.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1351
       Today Daily change:  22  pips
       Today Daily change %:  -0.15%
       Today Daily Open:  1.1368
Trends:
       Daily SMA20:  1.1414
       Daily SMA50:  1.1401
       Daily SMA100:  1.1434
       Daily SMA200:  1.1551
Levels:
       Previous Daily High:  1.1416
       Previous Daily Low:  1.1362
       Previous Weekly High:  1.1516
       Previous Weekly Low:  1.139
       Previous Monthly High:  1.1586
       Previous Monthly Low:  1.1289
       Daily Fibonacci 38.2%:  1.1383
       Daily Fibonacci 61.8%:  1.1395
       Daily Pivot Point S1:  1.1348
       Daily Pivot Point S2:  1.1327
       Daily Pivot Point S3:  1.1293
       Daily Pivot Point R1:  1.1403
       Daily Pivot Point R2:  1.1437
       Daily Pivot Point R3:  1.1458

 

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