- EUR/USD resumes the upside and revisits the 1.1350 zone.
- The 1.1300 neighbourhood holds the downside so far.
The inability of EUR/USD to return to the area of YTD highs near 1.1480 in the short-term horizon should prompt the re-emergence of the selling sentiment.
Against that, a break below the 1.1300 are carries the potential to spark a deeper decline to, initially, the YTD low at 1.1272 (January 4) ahead of the December 2021 low at 1.1221 (December 15).
The longer term negative outlook for EUR/USD is seen unchanged while below the key 200-day SMA at 1.1715.
EUR/USD daily chart
|Today last price||1.1352|
|Today Daily Change||58|
|Today Daily Change %||0.42|
|Today daily open||1.1304|
|Previous Daily High||1.1369|
|Previous Daily Low||1.1303|
|Previous Weekly High||1.1483|
|Previous Weekly Low||1.1285|
|Previous Monthly High||1.1386|
|Previous Monthly Low||1.1222|
|Daily Fibonacci 38.2%||1.1328|
|Daily Fibonacci 61.8%||1.1344|
|Daily Pivot Point S1||1.1282|
|Daily Pivot Point S2||1.1259|
|Daily Pivot Point S3||1.1216|
|Daily Pivot Point R1||1.1348|
|Daily Pivot Point R2||1.1391|
|Daily Pivot Point R3||1.1414|
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