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EUR/USD Price Analysis: A visit to the YTD low looms closer

  • EUR/USD resumes the downside and retargets the 1.0500 zone.
  • The September low at 1.0490 comes next for EUR-bears.

EUR/USD leaves behind a two-day recovery and shifts its attention to the downside and the 1.0500 neighbourhood on Monday.

If bears remain in control, another visit to the September low of 1.0488 (September 27) should start emerging on the horizon just ahead of the 2023 low of 1.0481 (January 6).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA, today at 1.0826.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0525
Today Daily Change77
Today Daily Change %-0.46
Today daily open1.0574
 
Trends
Daily SMA201.0666
Daily SMA501.0823
Daily SMA1001.0858
Daily SMA2001.0829
 
Levels
Previous Daily High1.0617
Previous Daily Low1.0558
Previous Weekly High1.0656
Previous Weekly Low1.0488
Previous Monthly High1.0882
Previous Monthly Low1.0488
Daily Fibonacci 38.2%1.0595
Daily Fibonacci 61.8%1.0581
Daily Pivot Point S11.0549
Daily Pivot Point S21.0524
Daily Pivot Point S31.049
Daily Pivot Point R11.0608
Daily Pivot Point R21.0642
Daily Pivot Point R31.0667

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.

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