EUR/USD Price Analysis: Further losses expected below 1.1750


  • EUR/USD flirts with fresh monthly lows in the mid-1.1700s.
  • Extra downside could see the 2021 lows near 1.1700 re-visited.

EUR/USD remains depressed well below the 1.1800 yardstick and leaves the door open to a deeper pullback in the very near term.

The 2020-2021 line around 1.1785 now takes centre stage. A sustainable break below this zone would be an important bearish event and carries the potential to accelerate losses to, initially, the YTD low in the 1.1700 neighbourhood (March 31).

Further out, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2002.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.1762
Today Daily Change 32
Today Daily Change % -0.08
Today daily open 1.1771
 
Trends
Daily SMA20 1.1838
Daily SMA50 1.2007
Daily SMA100 1.1979
Daily SMA200 1.2007
 
Levels
Previous Daily High 1.183
Previous Daily Low 1.1758
Previous Weekly High 1.188
Previous Weekly Low 1.1772
Previous Monthly High 1.2254
Previous Monthly Low 1.1845
Daily Fibonacci 38.2% 1.1785
Daily Fibonacci 61.8% 1.1803
Daily Pivot Point S1 1.1742
Daily Pivot Point S2 1.1713
Daily Pivot Point S3 1.1669
Daily Pivot Point R1 1.1815
Daily Pivot Point R2 1.1859
Daily Pivot Point R3 1.1888

 

 

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