- 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
|Today last price||0.9558|
|Today Daily Change||67|
|Today Daily Change %||-0.38|
|Today daily open||0.9594|
|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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