• EUR/USD extends the decline to the 1.0050/45 band.
  • Next on the downside appears a potential test of the parity zone.

EUR/USD adds to the recent weakness and extends the breach of the 1.0100 level at the end of the week.

Further losses appear on the cards as well as a probable visit to the parity level in the short-term horizon. The loss of this key support zone could expose a deeper retracement to the YTD low at 0.9952 (July 14).

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0859.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.0066
Today Daily Change 50
Today Daily Change % -0.23
Today daily open 1.0089
 
Trends
Daily SMA20 1.0203
Daily SMA50 1.0286
Daily SMA100 1.0488
Daily SMA200 1.0868
 
Levels
Previous Daily High 1.0193
Previous Daily Low 1.008
Previous Weekly High 1.0369
Previous Weekly Low 1.0159
Previous Monthly High 1.0486
Previous Monthly Low 0.9952
Daily Fibonacci 38.2% 1.0123
Daily Fibonacci 61.8% 1.015
Daily Pivot Point S1 1.0048
Daily Pivot Point S2 1.0007
Daily Pivot Point S3 0.9935
Daily Pivot Point R1 1.0162
Daily Pivot Point R2 1.0234
Daily Pivot Point R3 1.0275

 

 

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