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EUR/USD Technical Analysis: Rising odds for a test of 2018 lows at 1.1216

  • The pair has resumed the downside after leaving behind a tepid bullish attempt during early trade.
  • EUR/USD has quickly breached the previous low at 1.1289 and December 2018 low at 1.1269, extending the down move to the boundaries of 1.1240, new 2019 lows.
  • Extra losses are expected to remain well on the cards for the time being, with the immediate target at 2018 lows in the 1.1220/15 band (November 12).

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1266
    Today Daily change: 33 pips
    Today Daily change %: -0.09%
    Today Daily Open: 1.1276
Trends:
    Daily SMA20: 1.139
    Daily SMA50: 1.1398
    Daily SMA100: 1.1421
    Daily SMA200: 1.1541
Levels:
    Previous Daily High: 1.1332
    Previous Daily Low: 1.1267
    Previous Weekly High: 1.1462
    Previous Weekly Low: 1.132
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1292
    Daily Fibonacci 61.8%: 1.1307
    Daily Pivot Point S1: 1.1252
    Daily Pivot Point S2: 1.1228
    Daily Pivot Point S3: 1.1188
    Daily Pivot Point R1: 1.1316
    Daily Pivot Point R2: 1.1356
    Daily Pivot Point R3: 1.138

 

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