“¢ The shared currency remains depressed amid slowdown fears in the region’s core economies. “¢ A modest USD profit-taking lends some support and eases the prevalent bearish pressure. The EUR/USD pair reversed an early European session dip to fresh 2019 lows and quickly recovered around 25-30 pips, albeit lacked any strong follow-through. The pair extended its bearish trajectory from levels beyond the key 1.1500 psychological mark and lost some additional ground on Tuesday. The pair fell to an intraday low level of 1.1258 – the lowest level since Nov. 13, albeit managed to find some support at lower levels amid a modest US Dollar pull-back. Despite a follow-through uptick in the US Treasury bond yields and news of the deal to avert a fresh government shutdown, the greenback failed to capitalize on the recent rally to multi-week tops and was seen as one of the key factors that extended some support to the major, at least for the time being. The uptick, however, lacked any strong conviction and remained capped amid growing market concerns about the health of the Euro-zone’s economic growth, further reaffirmed by Bundesbank President Jens Weidmann’s comments this Tuesday, which now seems to have pushed the ECB’s planned rate hike to 2020. Hence, it would be prudent to wait for a strong follow-through recovery before confirming that the pair might have formed a near-term bottom and positioning for any further near-term appreciating move as the focus now shifts to scheduled speeches by several FOMC officials, including the Fed Chair Jerome Powell. Technical levels to watch EUR/USD Overview: Today Last Price: 1.1278 Today Daily change %: 0.02% Today Daily Open: 1.1276 Trends: Daily SMA20: 1.139 Daily SMA50: 1.1398 Daily SMA100: 1.1421 Daily SMA200: 1.1541 Levels: Previous Daily High: 1.1332 Previous Daily Low: 1.1267 Previous Weekly High: 1.1462 Previous Weekly Low: 1.132 Previous Monthly High: 1.1586 Previous Monthly Low: 1.1289 Daily Fibonacci 38.2%: 1.1292 Daily Fibonacci 61.8%: 1.1307 Daily Pivot Point S1: 1.1252 Daily Pivot Point S2: 1.1228 Daily Pivot Point S3: 1.1188 Daily Pivot Point R1: 1.1316 Daily Pivot Point R2: 1.1356 Daily Pivot Point R3: 1.138 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK PM May: Will not be able to bring meaningful vote this week FX Street 3 years "¢ The shared currency remains depressed amid slowdown fears in the region's core economies. "¢ A modest USD profit-taking lends some support and eases the prevalent bearish pressure. The EUR/USD pair reversed an early European session dip to fresh 2019 lows and quickly recovered around 25-30 pips, albeit lacked any strong follow-through. The pair extended its bearish trajectory from levels beyond the key 1.1500 psychological mark and lost some additional ground on Tuesday. The pair fell to an intraday low level of 1.1258 - the lowest level since Nov. 13, albeit managed to find some… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.