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EUR/USD Technical Analysis: Further decline expected to test 2018 low at 1.1215

  • EUR/USD managed to gather some traction following yesterday’s YTD lows in the 1.1260/55 band, retaking the 1.1300 handle and above although losing vigour in the boundaries of 1.1340 so far.
  • This area of resistance is also reinforced by the critical 200-week SMA in the 1.1330 region.
  • A more serious bullish attempt should retake the 100-day SMA at 1.1416, while the short-term resistance line at 1.1496 emerges as the next relevant hurdle.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.132
       Today Daily change:  28  pips
       Today Daily change %:  -0.11%
       Today Daily Open:  1.1332
Trends:
       Daily SMA20:  1.1386
       Daily SMA50:  1.1398
       Daily SMA100:  1.1416
       Daily SMA200:  1.1538
Levels:
       Previous Daily High:  1.1342
       Previous Daily Low:  1.1258
       Previous Weekly High:  1.1462
       Previous Weekly Low:  1.132
       Previous Monthly High:  1.1586
       Previous Monthly Low:  1.1289
       Daily Fibonacci 38.2%:  1.1309
       Daily Fibonacci 61.8%:  1.129
       Daily Pivot Point S1:  1.1279
       Daily Pivot Point S2:  1.1226
       Daily Pivot Point S3:  1.1195
       Daily Pivot Point R1:  1.1363
       Daily Pivot Point R2:  1.1394
       Daily Pivot Point R3:  1.1447

 

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