- 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
Additional important levels
|Today last price||1.091|
|Today Daily Change||-0.0038|
|Today Daily Change %||-0.35|
|Today daily open||1.0948|
|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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