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EUR/USD Technical Analysis: Bearish ‘outside day’ prompts further retracement near term

  • EUR/USD is coming up after meeting support in the 1.1360 region on Tuesday, just ahead of the key 10-day SMA.
  • Yesterday’s bearish ‘outside day’ allows for a deeper pullback, which it should meet initial contention in the 1.1200 neighbourhood, or YTD lows, seen earlier in the month.
  • On the upside, recent tops in the 1.1460 region emerge as the initial barrier ahead of monthly highs in the 1.1500 zone.

EUR/USD daily chart

 

 

 

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:
       Last Price:  1.14
       Daily change:  31  pips
       Daily change:  0.273%
       Daily Open:  1.1369
Trends:
       Daily SMA20:  1.1368
       Daily SMA50:  1.1504
       Daily SMA100:  1.1558
       Daily SMA200:  1.1806
Levels:
       Daily High:  1.1473
       Daily Low:  1.1358
       Weekly High:  1.142
       Weekly Low:  1.1216
       Monthly High:  1.1625
       Monthly Low:  1.1302
       Daily Fibonacci 38.2%:  1.1402
       Daily Fibonacci 61.8%:  1.1429
       Daily Pivot Point S1:  1.1327
       Daily Pivot Point S2:  1.1284
       Daily Pivot Point S3:  1.1211
       Daily Pivot Point R1:  1.1442
       Daily Pivot Point R2:  1.1515
       Daily Pivot Point R3:  1.1558

 

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