- EUR/USD failed to test/surpass the 1.1300 level on Monday.
- Focus seems to have shifted to the downside and to 1.1170/65.
EUR/USD is fading Monday’s gains and the inability to break above the 1.1300 level has now prompted market participants to re-focus on the downside.
Against this, the probability of a potential move to the area of recent weekly lows in the 1.1170/65 band has been picking up pace.
On the broader picture, and as long as the 200-day SMA at 1.1033 holds the downside, further gains in the pair remain on the table.
EUR/USD daily chart
|Today last price||1.1226|
|Today Daily Change||47|
|Today Daily Change %||-0.14|
|Today daily open||1.1242|
|Previous Daily High||1.1288|
|Previous Daily Low||1.1217|
|Previous Weekly High||1.1348|
|Previous Weekly Low||1.1169|
|Previous Monthly High||1.1145|
|Previous Monthly Low||1.0767|
|Daily Fibonacci 38.2%||1.1261|
|Daily Fibonacci 61.8%||1.1244|
|Daily Pivot Point S1||1.121|
|Daily Pivot Point S2||1.1178|
|Daily Pivot Point S3||1.1139|
|Daily Pivot Point R1||1.1281|
|Daily Pivot Point R2||1.132|
|Daily Pivot Point R3||1.1352|
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