Search ForexCrunch
  • EUR/USD has started the week on a negative fashion after two consecutive daily advances.
  • The pair is now trading closer to recent lows in the 1.1460 region, and a break below this level should open the door for a visit to 1.1449 (Fibo retracement of the 2017-2018 up move) and the 200-week SMA in the 1.1330 region.
  • Further south lies the 2018 low at 1.1299 (August 15), which is expected to come to the fore if the selling bias accelerates.
  • Also fuelling the idea of extra downside, spot has broken below the base of the cloud both in the daily and weekly charts.

EUR/USD daily chart










       Last Price:  1.1478
       Daily change:  -43  pips
       Daily change:  -0.373%
       Daily Open:  1.1521
       Daily SMA20:  1.1641
       Daily SMA50:  1.1597
       Daily SMA100:  1.1638
       Daily SMA200:  1.1933
       Daily High:  1.155
       Daily Low:  1.1484
       Weekly High:  1.1625
       Weekly Low:  1.1464
       Monthly High:  1.1816
       Monthly Low:  1.1464
       Daily Fibonacci 38.2%:  1.1525
       Daily Fibonacci 61.8%:  1.1509
       Daily Pivot Point S1:  1.1487
       Daily Pivot Point S2:  1.1452
       Daily Pivot Point S3:  1.1421
       Daily Pivot Point R1:  1.1553
       Daily Pivot Point R2:  1.1584
       Daily Pivot Point R3:  1.1619