Home EUR/USD Technical Analysis: A drop to 2018 lows at 1.1215 still remains in the pipeline
FXStreet News

EUR/USD Technical Analysis: A drop to 2018 lows at 1.1215 still remains in the pipeline

  • After bottoming out in the 1.1250/48 band in early trade, EUR/USD attracted some buying interest and it has regained some shine since then.
  • However, the likeliness of a deeper pullback to the area of 2018 lows at 1.1250 stays well and sound as long as the resistance line at 1.1494 caps the upside.
  • Downside pressure, however, is expected to alleviate on a surpass of the 100-day SMA, today at 1.1410.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1267
       Today Daily change:  46  pips
       Today Daily change %:  0.01%
       Today Daily Open:  1.1266
Trends:
       Daily SMA20:  1.1379
       Daily SMA50:  1.1397
       Daily SMA100:  1.1412
       Daily SMA200:  1.1535
Levels:
       Previous Daily High:  1.1344
       Previous Daily Low:  1.1264
       Previous Weekly High:  1.1462
       Previous Weekly Low:  1.132
       Previous Monthly High:  1.1586
       Previous Monthly Low:  1.1289
       Daily Fibonacci 38.2%:  1.1294
       Daily Fibonacci 61.8%:  1.1313
       Daily Pivot Point S1:  1.1239
       Daily Pivot Point S2:  1.1212
       Daily Pivot Point S3:  1.116
       Daily Pivot Point R1:  1.1319
       Daily Pivot Point R2:  1.1371
       Daily Pivot Point R3:  1.1398

 

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.