EUR/USD Price Analysis: Focus now shifted to 1.1170

  • EUR/USD keeps correcting lower following weekly tops near 1.1350.
  • Further south aligns last week’s lows in the 1.1165/70 band.

EUR/USD is down for the second session in a row in the second half of the week, accelerating the move from earlier tops in the mid-1.1300s.

If the selling impetus accelerates, then the recent low (and interim support) at 1.1168 should emerge on the horizon ahead of the critical 200-day SMA at 1.1030.

As long as the 200-day SMA at 1.1030 holds the downside, further gains in the pair are well on the table.

EUR/USD daily chart


Today last price 1.1224
Today Daily Change 45
Today Daily Change % -0.24
Today daily open 1.1251
Daily SMA20 1.1247
Daily SMA50 1.1022
Daily SMA100 1.0994
Daily SMA200 1.1033
Previous Daily High 1.1326
Previous Daily Low 1.1248
Previous Weekly High 1.1353
Previous Weekly Low 1.1168
Previous Monthly High 1.1145
Previous Monthly Low 1.0767
Daily Fibonacci 38.2% 1.1278
Daily Fibonacci 61.8% 1.1296
Daily Pivot Point S1 1.1224
Daily Pivot Point S2 1.1198
Daily Pivot Point S3 1.1147
Daily Pivot Point R1 1.1302
Daily Pivot Point R2 1.1353
Daily Pivot Point R3 1.1379



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD drops below 1.1850 amid growing covid concerns

EUR/USD has dropped under 1.1850 as European coronavirus cases hit records. France exceeded 50K daily cases and Spain announced a state of emergency. US fiscal stimulus talks remain stuck ahead of the elections. 


GBP/USD pressured towards 1.3000 amid downbeat market mood

GBP/USD has been extending its losing streak amid a surge in COVID-19 cases in the UK and elsewhere. Investors are shrugging off reports of progress in Brexit talks. 


XAU/USD recovers early lost ground to seven-day lows, back above $1900 mark

Gold reversed an early dip to the $1891 region, or seven-day lows and refreshed daily tops during the mid-European session, albeit lacked any strong follow-through.

Gold News

Bitcoin vs gold: Safe haven battle

A new idea has been floating around in Safe Haven Trading. Well, it’s not entirely new, but it’s quite controversial to say the least. For the longest time, gold has been considered to be the purest form of safe haven trading. 

Read more

WTI tumbles to fresh lows near $38.00 on demand, supply concerns

Prices of the barrel of the American benchmark for the sweet light crude oil trade on the defensive at the beginning of the week around the $38.50/40 band.

Oil News