“¢ The pair extended its intraday rejection slide from 50-day SMA and dropped to one-week lows, further below mid-1.1300s during the mid-European session on Monday. “¢ A sustained break through 200-hour SMA – for the first time in nearly two weeks, was seen as a key trigger for bearish traders and behind the latest leg of a downfall. “¢ Meanwhile, the recent price action, wherein the pair repeatedly failed to sustain/build on its momentum beyond the 1.1400 handle, clearly points to persistent selling bias. “¢ The pair has now dropped to 50% Fibo. level of the 1.1234-1.1420 recent up-move, with bearish oscillators on 4-hourly/daily charts adding credence to the negative outlook. “¢ However, technical indicators on the 1-hourly chart are already pointing to slightly oversold conditions and warrant some consolidation before the next leg of depreciating move. EUR/USD 1-hourly chart EUR/USD Overview: Today Last Price: 1.1333 Today Daily change: -32 pips Today Daily change %: -0.28% Today Daily Open: 1.1365 Trends: Daily SMA20: 1.1344 Daily SMA50: 1.1391 Daily SMA100: 1.1387 Daily SMA200: 1.1508 Levels: Previous Daily High: 1.1409 Previous Daily Low: 1.1353 Previous Weekly High: 1.1422 Previous Weekly Low: 1.1328 Previous Monthly High: 1.1489 Previous Monthly Low: 1.1234 Daily Fibonacci 38.2%: 1.1375 Daily Fibonacci 61.8%: 1.1388 Daily Pivot Point S1: 1.1342 Daily Pivot Point S2: 1.132 Daily Pivot Point S3: 1.1287 Daily Pivot Point R1: 1.1398 Daily Pivot Point R2: 1.1431 Daily Pivot Point R3: 1.1453 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. View All Post By FX Street FXStreet News share Read Next JP Morgan testing Ethereum-based zero-knowledge proofs (zk-SNARKs) FX Street 4 years "¢ The pair extended its intraday rejection slide from 50-day SMA and dropped to one-week lows, further below mid-1.1300s during the mid-European session on Monday. "¢ A sustained break through 200-hour SMA - for the first time in nearly two weeks, was seen as a key trigger for bearish traders and behind the latest leg of a downfall. "¢ Meanwhile, the recent price action, wherein the pair repeatedly failed to sustain/build on its momentum beyond the 1.1400 handle, clearly points to persistent selling bias. "¢ The pair has now dropped to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
