- 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
|Today last price||1.0066|
|Today Daily Change||50|
|Today Daily Change %||-0.23|
|Today daily open||1.0089|
|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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