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EUR/USD Price Analysis: Extra losses target the 1.0500 region

  • EUR/USD comes under pressure following two daily advances.
  • Further weakness could put the 1.0500 region back on the radar.

EUR/USD sets aside part of the positive first half of the week and revisits the 1.0550 region on Wednesday.

In case sellers regain the upper hand, the pair could put the 1.0500 neighbourhood to the test, while the loss of that region should expose a potential decline to the 2023 low at 1.0448 (October 3).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA at 1.0820.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0553
Today Daily Change46
Today Daily Change %-0.23
Today daily open1.0577
 
Trends
Daily SMA201.0566
Daily SMA501.0713
Daily SMA1001.083
Daily SMA2001.0823
 
Levels
Previous Daily High1.0595
Previous Daily Low1.0533
Previous Weekly High1.064
Previous Weekly Low1.0496
Previous Monthly High1.0882
Previous Monthly Low1.0488
Daily Fibonacci 38.2%1.0571
Daily Fibonacci 61.8%1.0557
Daily Pivot Point S11.0542
Daily Pivot Point S21.0506
Daily Pivot Point S31.048
Daily Pivot Point R11.0604
Daily Pivot Point R21.063
Daily Pivot Point R31.0666

EUR/USD

Overview
Today last price1.0553
Today Daily Change46
Today Daily Change %-0.23
Today daily open1.0577
 
Trends
Daily SMA201.0566
Daily SMA501.0713
Daily SMA1001.083
Daily SMA2001.0823
 
Levels
Previous Daily High1.0595
Previous Daily Low1.0533
Previous Weekly High1.064
Previous Weekly Low1.0496
Previous Monthly High1.0882
Previous Monthly Low1.0488
Daily Fibonacci 38.2%1.0571
Daily Fibonacci 61.8%1.0557
Daily Pivot Point S11.0542
Daily Pivot Point S21.0506
Daily Pivot Point S31.048
Daily Pivot Point R11.0604
Daily Pivot Point R21.063
Daily Pivot Point R31.0666

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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