- EUR/USD corrects sharply lower and retests 1.0190/85.
- The lower bound of the range emerges around 1.0100.
EUR/USD accelerates the losses and drops below the key 1.0200 support on Monday.
Further correction carries the potential to revisit the lower end of the recent range in the 1.0100 neighbourhood, although a sustained break below this level looks not favoured for the time being.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0887.
EUR/USD daily chart
|Today last price||1.0195|
|Today Daily Change||83|
|Today Daily Change %||-0.63|
|Today daily open||1.026|
|Previous Daily High||1.0328|
|Previous Daily Low||1.0238|
|Previous Weekly High||1.0369|
|Previous Weekly Low||1.0159|
|Previous Monthly High||1.0486|
|Previous Monthly Low||0.9952|
|Daily Fibonacci 38.2%||1.0272|
|Daily Fibonacci 61.8%||1.0293|
|Daily Pivot Point S1||1.0223|
|Daily Pivot Point S2||1.0186|
|Daily Pivot Point S3||1.0134|
|Daily Pivot Point R1||1.0313|
|Daily Pivot Point R2||1.0365|
|Daily Pivot Point R3||1.0402|
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