EUR/USD Price Analysis: Third time is the charm?


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  • EUR/USD flirts once again with the key parity level.
  • Below parity comes the December 2002 low at 0.9859.

EUR/USD quickly fades Wednesday’s bullish attempt to the 1.0120 region and re-focuses on the downside, particularly on the parity zone.

The pair’s bearish stance remains everything but abated for the time being. Against that, a convincing breakdown of the parity level should open the door to the triggering of massive stop-loss orders, while the next support level of note is expected to appear at the December 2002 low at 0.9859.

As long as the pair navigates below the 5-month support line near 1.0550, further losses remain in store.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.1040.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.0005
Today Daily Change 55
Today Daily Change % -0.59
Today daily open 1.0064
 
Trends
Daily SMA20 1.0378
Daily SMA50 1.0508
Daily SMA100 1.0709
Daily SMA200 1.105
 
Levels
Previous Daily High 1.0123
Previous Daily Low 0.9998
Previous Weekly High 1.0463
Previous Weekly Low 1.0072
Previous Monthly High 1.0774
Previous Monthly Low 1.0359
Daily Fibonacci 38.2% 1.0075
Daily Fibonacci 61.8% 1.0046
Daily Pivot Point S1 1
Daily Pivot Point S2 0.9937
Daily Pivot Point S3 0.9876
Daily Pivot Point R1 1.0125
Daily Pivot Point R2 1.0186
Daily Pivot Point R3 1.0249

 

 

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