- 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
|Today last price||1.0005|
|Today Daily Change||55|
|Today Daily Change %||-0.59|
|Today daily open||1.0064|
|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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