EUR/USD Price Analysis: Sluggish below immediate support-turned-resistance


  • EUR/USD remains under pressure near the four-month low.
  • October 2019 low will add a filter to the pair’s declines below 1.0900 mark.
  • Friday’s low, the short-term descending trend line will add to the nearby resistances.

EUR/USD bears catch a breath around 1.0910 during the Asian session on Tuesday. The pair dropped to the yearly low the previous day but fails to slip beneath the 1.0900 round-figure. Even so, a three-day-old support-turned-resistance trend line limits the quote’s immediate pullback moves amid bearish MACD signals.

As a result, the sellers will keep eyes on 1.0900 mark as a trigger to take aim at October 2019 low near 1.0880.

In a case, the bears keep the helm past-1.0880, May 2017 low near 1.0840 and 1.0800 will grab the market’s attention.

Meanwhile, an upside break of the immediate resistance line, currently at 1.0915, can challenge another falling trend line resistance, also including Friday’s low, around 1.0940/45.

Even if the bulls manage to cross 1.0945 mark, their dominance remains doubtful unless breaking the January’s monthly top near 1.1100.

EUR/USD hourly chart

Trend: Bearish

Additional important levels

Overview
Today last price 1.091
Today Daily Change -0.0038
Today Daily Change % -0.35
Today daily open 1.0948
 
Trends
Daily SMA20 1.106
Daily SMA50 1.11
Daily SMA100 1.107
Daily SMA200 1.1123
 
Levels
Previous Daily High 1.0985
Previous Daily Low 1.0942
Previous Weekly High 1.1089
Previous Weekly Low 1.0942
Previous Monthly High 1.1225
Previous Monthly Low 1.0992
Daily Fibonacci 38.2% 1.0958
Daily Fibonacci 61.8% 1.0969
Daily Pivot Point S1 1.0932
Daily Pivot Point S2 1.0915
Daily Pivot Point S3 1.0889
Daily Pivot Point R1 1.0975
Daily Pivot Point R2 1.1001
Daily Pivot Point R3 1.1018

 

 

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