Search ForexCrunch

   “¢   The pair extended its recent bearish trajectory and remained under some selling pressure for the sixth straight session, also marking the seventh day of losses in the previous eight.

   “¢   The momentum dragged the pair below the 1.1300 handle for the first time in just over two weeks, though bears took a breather near late-Jan. swing lows, around the 1.1290 area.

   “¢   The mentioned region coincides with three-month-old support and bearish technical indicators on hourly/daily charts support prospects for an eventual bearish breakthrough.

   “¢   A sustained weakness below the said support might act as a key trigger for bearish traders and pave the way for further downside towards challenging the 1.1215 region – Nov. swing lows.

EUR/USD daily chart


       Today Last Price:  1.1308
       Today Daily change %:  -0.12%
       Today Daily Open:  1.1322
       Daily SMA20:  1.1399
       Daily SMA50:  1.14
       Daily SMA100:  1.1425
       Daily SMA200:  1.1544
       Previous Daily High:  1.1353
       Previous Daily Low:  1.132
       Previous Weekly High:  1.1462
       Previous Weekly Low:  1.132
       Previous Monthly High:  1.1586
       Previous Monthly Low:  1.1289
       Daily Fibonacci 38.2%:  1.1333
       Daily Fibonacci 61.8%:  1.134
       Daily Pivot Point S1:  1.1311
       Daily Pivot Point S2:  1.13
       Daily Pivot Point S3:  1.1279
       Daily Pivot Point R1:  1.1343
       Daily Pivot Point R2:  1.1364
       Daily Pivot Point R3:  1.1375