Home EUR/USD Technical Analysis: The pair faces formidable support in the 1.1260/70 band
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EUR/USD Technical Analysis: The pair faces formidable support in the 1.1260/70 band

  • The pair remains under pressure below 1.1300 the figure so far this week, although the idea of a deeper down move, let’s say below 2018 lows at 1.1215, appears to be losing some traction as of late.
  • That said, an attempt of some consolidation is on the cards in the near term as EUR/USD keeps looking for a more relevant catalyst.
  • While the area of support in the 1.1270/50 band holds, spot keeps the chances of a rebound to 1.1400 and above alive.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1276
       Today Daily change:  28  pips
       Today Daily change %:  -0.16%
       Today Daily Open:  1.1294
Trends:
       Daily SMA20:  1.1374
       Daily SMA50:  1.1395
       Daily SMA100:  1.1408
       Daily SMA200:  1.1532
Levels:
       Previous Daily High:  1.1311
       Previous Daily Low:  1.1249
       Previous Weekly High:  1.1462
       Previous Weekly Low:  1.132
       Previous Monthly High:  1.1586
       Previous Monthly Low:  1.1289
       Daily Fibonacci 38.2%:  1.1287
       Daily Fibonacci 61.8%:  1.1273
       Daily Pivot Point S1:  1.1258
       Daily Pivot Point S2:  1.1223
       Daily Pivot Point S3:  1.1197
       Daily Pivot Point R1:  1.132
       Daily Pivot Point R2:  1.1346
       Daily Pivot Point R3:  1.1381

 

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