• EUR/USD drops for the seventh straight session and tests 0.9535.
  • Below the 2022 low at 0.9535 comes the 0.9500 region.

EUR/USD extends the leg lower to the proximity of 0.9530 earlier on Wednesday, an area last traded back in June 2002.

Odds for extra weakness in the European currency remain well on the table so far with the immediate target at the 2022 low at 0.9552 (September 26). A deeper drop could challenge the round level at 0.9500 ahead of the weekly low at 0.9411 (June 17 2002).

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0667.

EUR/USD daily chart

EUR/USD

Overview
Today last price 0.9558
Today Daily Change 67
Today Daily Change % -0.38
Today daily open 0.9594
 
Trends
Daily SMA20 0.9924
Daily SMA50 1.0056
Daily SMA100 1.0265
Daily SMA200 1.0679
 
Levels
Previous Daily High 0.9671
Previous Daily Low 0.9569
Previous Weekly High 1.0051
Previous Weekly Low 0.9668
Previous Monthly High 1.0369
Previous Monthly Low 0.9901
Daily Fibonacci 38.2% 0.9608
Daily Fibonacci 61.8% 0.9632
Daily Pivot Point S1 0.9552
Daily Pivot Point S2 0.951
Daily Pivot Point S3 0.945
Daily Pivot Point R1 0.9654
Daily Pivot Point R2 0.9713
Daily Pivot Point R3 0.9756

 

 

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