- 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
|Today last price||1.1534|
|Today Daily Change||33|
|Today Daily Change %||-0.17|
|Today daily open||1.1554|
|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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