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EUR/USD Technical Analysis: Further weakness could see 1.1300 re-tested

  • EUR/USD came under heightened selling pressure throughout last week, dropping to lows near 1.1350, where some decent support appears to have emerged.
  • A loss of last week’s lows should open the door for a potential visit of the key 200-week SMA at 1.1323 ahead of YTD lows at 1.1306 (January 3).
  • Further out, spot is expected to remain neutral/bearish while below the September 2018-January 2019 resistance line, today at 1.1552.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1375
       Today Daily change:  0.0010  pips
       Today Daily change %:  0.09%
       Today Daily Open:  1.1365
Trends:
       Daily SMA20:  1.143
       Daily SMA50:  1.1386
       Daily SMA100:  1.1463
       Daily SMA200:  1.1604
Levels:
       Previous Daily High:  1.1412
       Previous Daily Low:  1.1353
       Previous Weekly High:  1.1491
       Previous Weekly Low:  1.1353
       Previous Monthly High:  1.1486
       Previous Monthly Low:  1.1269
       Daily Fibonacci 38.2%:  1.1375
       Daily Fibonacci 61.8%:  1.1389
       Daily Pivot Point S1:  1.1341
       Daily Pivot Point S2:  1.1318
       Daily Pivot Point S3:  1.1283
       Daily Pivot Point R1:  1.14
       Daily Pivot Point R2:  1.1435
       Daily Pivot Point R3:  1.1458

 

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