- EUR/USD managed to bounce off 2018 lows near 1.1200 the figure to the mid-1.1300s on Wednesday, where some tough barrier turned up and sparked the current correction lower.
- Spot stays under pressure despite the recent rebound and keeps targeting the 1.1200 neighbourhood and below, where emerges the 61.8% Fibo of the 2017-2018 rally.
- On the flip side, the 10-day SMA at 1.1348 caps the upside for the time being ahead of the 21-day SMA at 1.1381. Further north turns up the more relevant area in the 1.1500 neighbourhood, where sits last week’s top.
EUR/USD daily chart
EUR/USD
Overview:
Last Price: 1.1314
Daily change: -9.0 pips
Daily change: -0.0795%
Daily Open: 1.1323
Trends:
Daily SMA20: 1.1385
Daily SMA50: 1.152
Daily SMA100: 1.1568
Daily SMA200: 1.1824
Levels:
Daily High: 1.1348
Daily Low: 1.1263
Weekly High: 1.15
Weekly Low: 1.1316
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.1315
Daily Fibonacci 61.8%: 1.1295
Daily Pivot Point S1: 1.1274
Daily Pivot Point S2: 1.1226
Daily Pivot Point S3: 1.119
Daily Pivot Point R1: 1.1359
Daily Pivot Point R2: 1.1396
Daily Pivot Point R3: 1.1444
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