- 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|
|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|
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