|

EUR/USD Price Analysis: A visit to the 2022 low not ruled out

  • EUR/USD reverses the initial spike to the 1.1230 region.
  • Next on the downside comes 1.1118 ahead of 1.1106.

EUR/USD adds to Monday’s weakness and revisits the 1.1140 region on turnaround Tuesday.

In case the selling pressure gathers extra steam, then the next support of note emerges at the weekly low at 1.1118 (February 28). The loss of this level opens the door to a probable test of the 2022 low at 1.1106 (February 24) seconded by the round levels at 1.1100 and then 1.1000.

The negative outlook for EUR/USD is expected to remain unchanged while below the key 200-day SMA, today at 1.1608

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1147
Today Daily Change93
Today Daily Change %-0.56
Today daily open1.121
 
Trends
Daily SMA201.1343
Daily SMA501.133
Daily SMA1001.1381
Daily SMA2001.1615
 
Levels
Previous Daily High1.1246
Previous Daily Low1.1142
Previous Weekly High1.1391
Previous Weekly Low1.1106
Previous Monthly High1.1495
Previous Monthly Low1.1106
Daily Fibonacci 38.2%1.1207
Daily Fibonacci 61.8%1.1182
Daily Pivot Point S11.1153
Daily Pivot Point S21.1096
Daily Pivot Point S31.1049
Daily Pivot Point R11.1257
Daily Pivot Point R21.1304
Daily Pivot Point R31.1361

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

More from Pablo Piovano
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD gathers recovery momentum, trades near 1.1750

Following the correction seen in the second half of the previous week, EUR/USD gathers bullish momentum and trades in positive territory near 1.1750. The US Dollar (USD) struggles to attract buyers and supports the pair as investors await Tuesday's GDP data ahead of the Christmas holiday. 

GBP/USD knocks ten-week highs ahead of holiday slowdown

GBP/USD found room on the high side on Monday, kicking off a holiday-shortened trading week with a fresh spat of Greenback weakness, bolstering the Pound Sterling into its highest bids in ten weeks. Pound traders are largely brushing off the latest interest rate cut from the Bank of England as the UK’s central bank policy strategy leaves the water murky for rate-cut watchers.

Gold buying remains unabated; fresh all-time peak and counting

Gold builds on the previous day's blowout rally through the $4,400 mark and continues scaling new record highs through the Asian session on Tuesday. Bets for more interest rate cuts by the US Fed, renewed US Dollar selling bias, and rising geopolitical uncertainties turn out to be key factors driving flows towards the bullion. Traders now look to the delayed release of the revised US Q3 GDP print and US Durable Goods Orders for a fresh impetus.

ETHZilla sells over 24,000 ETH, community reacts to shift away from DAT strategy

Peter Thiel-backed ETHZilla announced it sold 24,291 ETH for ~$74.5 million to redeem outstanding senior secured convertible notes. "We plan to use all, or a significant portion, of the proceeds to fund the redemption," ETHZilla noted in a Monday X post.

Ten questions that matter going into 2026

2026 may be less about a neat “base case” and more about a regime shift—the market can reprice what matters most (growth, inflation, fiscal, geopolitics, concentration). The biggest trap is false comfort: the same trades can look defensive… right up until they become crowded.

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.