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EUR/USD Technical Analysis: The pair’s stance remains bearish below 1.1483

  • The bullish attempt in the pair lacked of follow through in the 1.1335/40 band on Monday.
  • While EUR/USD remains below the short-term resistance line at 1.1483, the probability of further pullbacks stays well on the cards. That said, there is still scope for a visit to 2018 lows at 1.1216.
  • On the flip side, a surpass of the 100-day SMA at 1.1400 should mitigate some downside pressure.

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1299
    Today Daily change: 20 pips
    Today Daily change %: -0.14%
    Today Daily Open: 1.1315
Trends:
    Daily SMA20: 1.1368
    Daily SMA50: 1.1392
    Daily SMA100: 1.1402
    Daily SMA200: 1.1526
Levels:
    Previous Daily High: 1.1336
    Previous Daily Low: 1.1289
    Previous Weekly High: 1.1344
    Previous Weekly Low: 1.1234
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1318
    Daily Fibonacci 61.8%: 1.1307
    Daily Pivot Point S1: 1.1291
    Daily Pivot Point S2: 1.1267
    Daily Pivot Point S3: 1.1245
    Daily Pivot Point R1: 1.1337
    Daily Pivot Point R2: 1.1359
    Daily Pivot Point R3: 1.1383

 

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