- EUR/USD trades well on the defensive near 1.1540.
- A drop to the YTD low at 1.1524 stays in the pipeline.
EUR/USD retreats to fresh multi-day lows in the 1.1540 region on Thursday.
As long as the pair keeps trading below recent tops near 1.1600, a move lower should not be ruled out. Against that, EUR/USD faces the next support at the weekly low at 1.1535 (October 29), which if cleared should open the door to a visit to the 2021 low at 1.1524 (October 12.
In the meantime, the near-term outlook for EUR/USD is seen on the negative side below the key 200-day SMA, today at 1.1892.
EUR/USD daily chart
|Today last price||1.1548|
|Today Daily Change||74|
|Today Daily Change %||-0.55|
|Today daily open||1.1612|
|Previous Daily High||1.1616|
|Previous Daily Low||1.1562|
|Previous Weekly High||1.1692|
|Previous Weekly Low||1.1535|
|Previous Monthly High||1.1692|
|Previous Monthly Low||1.1524|
|Daily Fibonacci 38.2%||1.1596|
|Daily Fibonacci 61.8%||1.1583|
|Daily Pivot Point S1||1.1577|
|Daily Pivot Point S2||1.1543|
|Daily Pivot Point S3||1.1523|
|Daily Pivot Point R1||1.1631|
|Daily Pivot Point R2||1.1651|
|Daily Pivot Point R3||1.1685|
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