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  • The pair keeps the bearish mood unchanged so far this week, although a sustainable break below the critical 200-day SMA in the 1.1330 region still remains elusive.
  • The continuation of the down move is expected to meet strong support in the 1.1289/69 band, where coincide YTD lows and December lows.
  • In the meantime, a retest and surpass of the 100-day SMA at 1.1429 is needed to alleviate the current downside pressure.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1331
       Today Daily change:  20  pips
       Today Daily change %:  -0.10%
       Today Daily Open:  1.1342
Trends:
       Daily SMA20:  1.1406
       Daily SMA50:  1.14
       Daily SMA100:  1.143
       Daily SMA200:  1.1548
Levels:
       Previous Daily High:  1.1376
       Previous Daily Low:  1.1324
       Previous Weekly High:  1.1516
       Previous Weekly Low:  1.139
       Previous Monthly High:  1.1586
       Previous Monthly Low:  1.1289
       Daily Fibonacci 38.2%:  1.1344
       Daily Fibonacci 61.8%:  1.1356
       Daily Pivot Point S1:  1.1319
       Daily Pivot Point S2:  1.1295
       Daily Pivot Point S3:  1.1266
       Daily Pivot Point R1:  1.1371
       Daily Pivot Point R2:  1.14
       Daily Pivot Point R3:  1.1424