• EUR/USD adds to Tuesday’s weakness below the 1.2200 mark.
  • The next support of note emerges around 1.2130.

EUR/USD adds to Wednesday’s losses and re-visits the 1.2180/75 band on Thursday.

The continuation of the downtrend looks likely while below the short-term resistance line (off March lows) near 1.2220 and does not face any support of relevance until last week’s lows in the 1.2130 zone (May 28).

On the broader view, the constructive stance on EUR/USD is forecast to remain intact as long as it trades above the 200-day SMA, today at 1.1978.

The ongoing correction follows the recent bearish divergence in the daily RSI, as it did not confirm the recent peaks near 1.2270.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.2194
Today Daily Change 36
Today Daily Change % -0.14
Today daily open 1.2211
 
Trends
Daily SMA20 1.2173
Daily SMA50 1.2034
Daily SMA100 1.2041
Daily SMA200 1.1982
 
Levels
Previous Daily High 1.2226
Previous Daily Low 1.2164
Previous Weekly High 1.2266
Previous Weekly Low 1.2133
Previous Monthly High 1.2266
Previous Monthly Low 1.1986
Daily Fibonacci 38.2% 1.2188
Daily Fibonacci 61.8% 1.2203
Daily Pivot Point S1 1.2175
Daily Pivot Point S2 1.2138
Daily Pivot Point S3 1.2112
Daily Pivot Point R1 1.2237
Daily Pivot Point R2 1.2263
Daily Pivot Point R3 1.2299

 

 

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