- EUR/USD retreats to fresh monthly lows near 1.0715.
- The loss of the 1.0700 region exposes a deeper decline.
EUR/USD maintains the bearish note well in place and revisits the vicinity of 1.0700, or monthly lows, on Thursday.
In the meantime, the ongoing bearish development could force the pair to extend the move to the March low of 1.0516 (March 15) in case the 1.0700 region is cleared in a sustainable fashion.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0477.
EUR/USD daily chart
|Today last price||1.0724|
|Today Daily Change||43|
|Today Daily Change %||-0.24|
|Today daily open||1.075|
|Previous Daily High||1.0801|
|Previous Daily Low||1.0748|
|Previous Weekly High||1.0904|
|Previous Weekly Low||1.076|
|Previous Monthly High||1.1095|
|Previous Monthly Low||1.0788|
|Daily Fibonacci 38.2%||1.0769|
|Daily Fibonacci 61.8%||1.0781|
|Daily Pivot Point S1||1.0731|
|Daily Pivot Point S2||1.0713|
|Daily Pivot Point S3||1.0678|
|Daily Pivot Point R1||1.0784|
|Daily Pivot Point R2||1.0819|
|Daily Pivot Point R3||1.0837|
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