- The pair is retreating for yet another session on Wednesday, breaking below the critical support at 1.1300 the figure and opening the door for further retracements.
- In fact, and following the breakdown of 1.1300, the immediate target remains the area of YTD lows in the 1.1200 neighbourhood. The negative view should remain in place as long as the pair trades below the short-term support line, today at 1.1423.
- Occasional bullish attempts should regain last week’s peaks in the 1.1470 region in order to regain upside pressure.
EUR/USD daily chart
EUR/USD
Overview:
Today Last Price: 1.1286
Today Daily change: -10 pips
Today Daily change %: -0.0885%
Today Daily Open: 1.1296
Trends:
Previous Daily SMA20: 1.1362
Previous Daily SMA50: 1.1473
Previous Daily SMA100: 1.154
Previous Daily SMA200: 1.178
Levels:
Previous Daily High: 1.1346
Previous Daily Low: 1.1277
Previous Weekly High: 1.1473
Previous Weekly Low: 1.1328
Previous Monthly High: 1.1625
Previous Monthly Low: 1.1302
Previous Daily Fibonacci 38.2%: 1.1303
Previous Daily Fibonacci 61.8%: 1.1319
Previous Daily Pivot Point S1: 1.1267
Previous Daily Pivot Point S2: 1.1238
Previous Daily Pivot Point S3: 1.1199
Previous Daily Pivot Point R1: 1.1336
Previous Daily Pivot Point R2: 1.1375
Previous Daily Pivot Point R3: 1.1404
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