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EUR/USD Technical Analysis: Bearish outside day prompts extra weakness near term

  • The pair traded deeply into the red territory on Wednesday, charting at the same time a bearish engulfing candle and opening the door for further retracement in the short-term horizon.

 

 

 

 

 

 

  • In the hourly chart, yesterday’s sharp sell off halted just ahead of the critical support at 1.1300 the figure. Despite the mild rebound so far, the pair is poised to remain under pressure, at least until tomorrow’s release of US jobs report.

 

 

 

 

 

 

 

  • In the 4-hour chart, the area around 1.1380 emerges as an interim hurdle for the time being.

 

 

 

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:
       Today Last Price:  1.1359
       Today Daily change:  13  pips
       Today Daily change %:  0.115%
       Today Daily Open:  1.1346
Trends:
       Previous Daily SMA20:  1.1387
       Previous Daily SMA50:  1.1372
       Previous Daily SMA100:  1.148
       Previous Daily SMA200:  1.1657
Levels:
       Previous Daily High:  1.152
       Previous Daily Low:  1.1325
       Previous Weekly High:  1.1478
       Previous Weekly Low:  1.1343
       Previous Monthly High:  1.1486
       Previous Monthly Low:  1.1269
       Previous Daily Fibonacci 38.2%:  1.1399
       Previous Daily Fibonacci 61.8%:  1.1445
       Previous Daily Pivot Point S1:  1.1274
       Previous Daily Pivot Point S2:  1.1202
       Previous Daily Pivot Point S3:  1.108
       Previous Daily Pivot Point R1:  1.1468
       Previous Daily Pivot Point R2:  1.1591
       Previous Daily Pivot Point R3:  1.1663

 

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