Home EUR/USD Technical Analysis: Further decline on the cards while below 1.1449
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EUR/USD Technical Analysis: Further decline on the cards while below 1.1449

  • EUR/USD comes under extra selling pressure around the 1.1300 neighbourhood today, opening the door for the continuation of the leg lower in the short-term horizon.
  • Further south lies the YTD lows at 1.1234 ahead of the 2018 low at 1.1216 recorded in late November.
  • The pair’s outlook is expected to remain on the negative side as long as the 5-month support line at 1.1449 caps the upside.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1302
       Today Daily change:  21  pips
       Today Daily change %:  -0.05%
       Today Daily Open:  1.1308
Trends:
       Daily SMA20:  1.1334
       Daily SMA50:  1.1388
       Daily SMA100:  1.1382
       Daily SMA200:  1.1505
Levels:
       Previous Daily High:  1.1348
       Previous Daily Low:  1.1289
       Previous Weekly High:  1.1422
       Previous Weekly Low:  1.1328
       Previous Monthly High:  1.1489
       Previous Monthly Low:  1.1234
       Daily Fibonacci 38.2%:  1.1312
       Daily Fibonacci 61.8%:  1.1326
       Daily Pivot Point S1:  1.1282
       Daily Pivot Point S2:  1.1256
       Daily Pivot Point S3:  1.1223
       Daily Pivot Point R1:  1.1341
       Daily Pivot Point R2:  1.1374
       Daily Pivot Point R3:  1.14

 

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