- EUR/USD drops further and printed new 2020 lows near 1.0820.
- Immediately below aligns the Fibo retracement at 1.0814.
EUR/USD remains entrenched into the negative territory and there are no signs of a recovery, at least in the short-term horizon.
That said, extreme “oversold” conditions as well as bouts of risk appetite could impulse the pair to test the 10-day SMA in the 1.0900 neighbourhood, although these could also be seen as selling opportunities.
Against this backdrop, the next target on the downside emerges at the Fibo retracement (of the 2017-2018 rally) at 1.0814.
EUR/USD daily chart
|Today last price||1.0834|
|Today Daily Change||16|
|Today Daily Change %||0.00|
|Today daily open||1.0834|
|Previous Daily High||1.0851|
|Previous Daily Low||1.0829|
|Previous Weekly High||1.0958|
|Previous Weekly Low||1.0827|
|Previous Monthly High||1.1225|
|Previous Monthly Low||1.0992|
|Daily Fibonacci 38.2%||1.0843|
|Daily Fibonacci 61.8%||1.0838|
|Daily Pivot Point S1||1.0825|
|Daily Pivot Point S2||1.0816|
|Daily Pivot Point S3||1.0803|
|Daily Pivot Point R1||1.0847|
|Daily Pivot Point R2||1.086|
|Daily Pivot Point R3||1.0869|
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