• EUR/USD adds to the weekly leg lower around 1.0500.
  • Extra losses appear likely in the short-term horizon.

EUR/USD adds to the recent weakness and revisits the 1.0480 region on Wednesday, where some initial support turned up.

The inability to leave behind the 4-month line near 1.0650 should keep the downside pressure unchanged around the pair. Against that, extra losses are predicted to remain in the pipeline, although another visit to the June low at 1.0358 seems out of favour for the time being.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.1119.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.0493
Today Daily Change 50
Today Daily Change % -0.25
Today daily open 1.0519
 
Trends
Daily SMA20 1.0574
Daily SMA50 1.0595
Daily SMA100 1.083
Daily SMA200 1.1127
 
Levels
Previous Daily High 1.0606
Previous Daily Low 1.0503
Previous Weekly High 1.0606
Previous Weekly Low 1.0469
Previous Monthly High 1.0787
Previous Monthly Low 1.035
Daily Fibonacci 38.2% 1.0543
Daily Fibonacci 61.8% 1.0567
Daily Pivot Point S1 1.048
Daily Pivot Point S2 1.044
Daily Pivot Point S3 1.0377
Daily Pivot Point R1 1.0583
Daily Pivot Point R2 1.0646
Daily Pivot Point R3 1.0685

 

 

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