- The pair came under heavy selling pressure following the ECB event on Thursday, breaking below the critical support at 1.1200 the figure and recording fresh 2019 lows.
- EUR/USD now looks increasingly vulnerable and could drop further to, initially, the lowest level seen in June 2017 at 1.1118.
- On the broader picture, the negative view on spot is expected to remain intact while below the resistance line at 1.1447.
EUR/USD daily chart
EUR/USD
Overview:
Today Last Price: 1.121
Today Daily change: 298 pips
Today Daily change %: 0.25%
Today Daily Open: 1.1182
Trends:
Daily SMA20: 1.1323
Daily SMA50: 1.1382
Daily SMA100: 1.1378
Daily SMA200: 1.1501
Levels:
Previous Daily High: 1.1322
Previous Daily Low: 1.1176
Previous Weekly High: 1.1422
Previous Weekly Low: 1.1328
Previous Monthly High: 1.1489
Previous Monthly Low: 1.1234
Daily Fibonacci 38.2%: 1.1232
Daily Fibonacci 61.8%: 1.1266
Daily Pivot Point S1: 1.1131
Daily Pivot Point S2: 1.1081
Daily Pivot Point S3: 1.0986
Daily Pivot Point R1: 1.1277
Daily Pivot Point R2: 1.1372
Daily Pivot Point R3: 1.1422
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