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EUR/USD Asia Price Forecast: Euro records largest daily decline since June 2018

  • EUR/USD is consolidating above the 1.0970 support level on broad-based USD strength.
  • EUR/USD is trading at two-week’s lows while registering its largest daily drop since June 2018.
 

EUR/USD daily chart 

 
The euro is trading at its lowest in two weeks while below its main SMAs. DXY (US dollar index) rose to the upside while pushing EUR/USD down recording its largest daily decline since June 2018. 
  

EUR/USD four-hour chart

 
EUR/USD is consolidating Tuesday’s drop near the 1.1000 figure while just below the 200 SMA on the four-hour chart. As the sellers remain in control a break below the 1.0970 support can extend losses towards the 1.0885 and 1.0850 price levels. Resistance is seen near the 1.1016, 1.1073 and 1.1100 levels, according to the Technical Confluences Indicator.    
  
 
Resistance: 1.1016, 1.1073, 1.1100
Support: 1.0970, 1.0885, 1.0850
 
 

Additional key levels

XAU/USD

Overview
Today last price 1528.88
Today Daily Change 15.89
Today Daily Change % 1.05
Today daily open 1512.99
 
Trends
Daily SMA20 1620.62
Daily SMA50 1587.99
Daily SMA100 1535.53
Daily SMA200 1499.98
 
Levels
Previous Daily High 1575.63
Previous Daily Low 1451.32
Previous Weekly High 1703.4
Previous Weekly Low 1504.72
Previous Monthly High 1689.4
Previous Monthly Low 1547.56
Daily Fibonacci 38.2% 1498.81
Daily Fibonacci 61.8% 1528.14
Daily Pivot Point S1 1451
Daily Pivot Point S2 1389
Daily Pivot Point S3 1326.69
Daily Pivot Point R1 1575.31
Daily Pivot Point R2 1637.62
Daily Pivot Point R3 1699.62

 

 

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