EUR/USD Price Analysis: Another drop to 2021 lows looms closer


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  • EUR/USD trades within a consolidative mood in the mid-1.1500s.
  • The YTD low at 1.1529 now emerges on the horizon.

EUR/USD alternates gains with losses always below the 1.1600 mark at the beginning of the week.

Another visit to the 2021 low at 1.1529 remains well on the table in the near future amidst the ongoing bearish context. Further south from here, a test of the 1.1500 neighbourhood should start emerging on the horizon.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side below the key 200-day SMA, today at 1.1943.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.157
Today Daily Change 34
Today Daily Change % 0.01
Today daily open 1.1569
 
Trends
Daily SMA20 1.1679
Daily SMA50 1.1745
Daily SMA100 1.1855
Daily SMA200 1.1949
 
Levels
Previous Daily High 1.1586
Previous Daily Low 1.1542
Previous Weekly High 1.164
Previous Weekly Low 1.1529
Previous Monthly High 1.1909
Previous Monthly Low 1.1563
Daily Fibonacci 38.2% 1.1569
Daily Fibonacci 61.8% 1.1559
Daily Pivot Point S1 1.1545
Daily Pivot Point S2 1.1521
Daily Pivot Point S3 1.1501
Daily Pivot Point R1 1.159
Daily Pivot Point R2 1.161
Daily Pivot Point R3 1.1634

 

 

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