- The pair is looking to consolidate in the lower bound of the weekly range around the 1.1400 handle against the backdrop of marginal volatility.
- Therefore, the idea of further consolidation remains well on the cards. That said, EUR/USD stays supported by the 55-day SMA in the 1.1380 area while gains remain capped by the low-1.1400s for the time being.
- In this scenario, a move lower to test YTD lows in the 1.1300 neighbourhood cannot be ruled out.
EUR/USD daily chart
EUR/USD
Overview:
Today Last Price: 1.1395
Today Daily change: 3 pips
Today Daily change %: 0.0351%
Today Daily Open: 1.1391
Trends:
Daily SMA20: 1.1429
Daily SMA50: 1.1385
Daily SMA100: 1.1465
Daily SMA200: 1.1609
Levels:
Previous Daily High: 1.1406
Previous Daily Low: 1.137
Previous Weekly High: 1.1571
Previous Weekly Low: 1.1396
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Daily Fibonacci 38.2%: 1.1384
Daily Fibonacci 61.8%: 1.1393
Daily Pivot Point S1: 1.1372
Daily Pivot Point S2: 1.1353
Daily Pivot Point S3: 1.1336
Daily Pivot Point R1: 1.1409
Daily Pivot Point R2: 1.1426
Daily Pivot Point R3: 1.1445
Share
