• EUR/USD stays depressed and near the YTD low.
  • Further south should emerge the 1.1500 region.

EUR/USD trades at shouting distance from the 2021 lows near 1.1520 at the end of the week.

The bearish note surrounding the pair almost calls for another visit to the 2021 low at 1.1524 (October 12) in the very near term. A breakdown of this level should expose a test of the 1.1500 zone, where the March 2020 high sits (1.1495) ahead of the June 2020 high at 1.1422.

In the meantime, further losses are likely while below the 5-month resistance line, today near 1.1680.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.1534
Today Daily Change 33
Today Daily Change % -0.17
Today daily open 1.1554
 
Trends
Daily SMA20 1.16
Daily SMA50 1.1683
Daily SMA100 1.175
Daily SMA200 1.1894
 
Levels
Previous Daily High 1.1616
Previous Daily Low 1.1528
Previous Weekly High 1.1692
Previous Weekly Low 1.1535
Previous Monthly High 1.1692
Previous Monthly Low 1.1524
Daily Fibonacci 38.2% 1.1562
Daily Fibonacci 61.8% 1.1583
Daily Pivot Point S1 1.1516
Daily Pivot Point S2 1.1478
Daily Pivot Point S3 1.1428
Daily Pivot Point R1 1.1604
Daily Pivot Point R2 1.1654
Daily Pivot Point R3 1.1692

 

 

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