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  • The pair has resumed the downside today, returning to the 1.1500 neighbourhood as cautiousness prevails in the global markets in light of the US Non-farm Payrolls.
  • EUR/USD stays supported near term by the 1.1460/50 band, where converge this week’s lows and the 50% Fibo retracement of the 2017-2018 rally at 1.1449.
  • A move further south should put the 200-week SMA, today at 1.1331, back on the horizon. This is regarded as the last defence of the 2018 low at 1.1299 (August 15).
  • On the weekly chart, spot has broken below the base of the cloud, supporting the idea that further pullbacks are in the pipeline.

EUR/USD weekly chart

 

 

 

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:
       Last Price:  1.1493
       Daily change:  -21  pips
       Daily change:  -0.182%
       Daily Open:  1.1514
Trends:
       Daily SMA20:  1.1643
       Daily SMA50:  1.1599
       Daily SMA100:  1.1641
       Daily SMA200:  1.1934
Levels:
       Daily High:  1.1543
       Daily Low:  1.1464
       Weekly High:  1.1816
       Weekly Low:  1.157
       Monthly High:  1.1816
       Monthly Low:  1.1526
       Daily Fibonacci 38.2%:  1.1513
       Daily Fibonacci 61.8%:  1.1494
       Daily Pivot Point S1:  1.1471
       Daily Pivot Point S2:  1.1428
       Daily Pivot Point S3:  1.1391
       Daily Pivot Point R1:  1.1551
       Daily Pivot Point R2:  1.1587
       Daily Pivot Point R3:  1.163