- EUR/USD hits new 2021 lows in the 1.1760 zone.
- The 200-day SMA near 1.1860 now emerges as the next hurdle.
EUR/USD’s weekly decline appears to have met a decent contention in the 1.1760 area, coincident with a Fibo level (of the November-January rally).
The recent breakdown of the 200-day SMA (1.1854) allows sellers to remain well in control of the sentiment surrounding the European currency, increasing the likelihood of further losses in the short-term horizon.
Below recent YTD lows around 1.1760 there are no relevant support levels until the November 2020 lows in the 1.1600 zone.
While below the 200-day SMA the short-term stance for EUR/USD is expected to remain negative.
EUR/USD daily chart
|Today last price||1.1774|
|Today Daily Change||35|
|Today Daily Change %||0.09|
|Today daily open||1.1764|
|Previous Daily High||1.1828|
|Previous Daily Low||1.1762|
|Previous Weekly High||1.1989|
|Previous Weekly Low||1.1874|
|Previous Monthly High||1.2243|
|Previous Monthly Low||1.1952|
|Daily Fibonacci 38.2%||1.1787|
|Daily Fibonacci 61.8%||1.1803|
|Daily Pivot Point S1||1.1741|
|Daily Pivot Point S2||1.1718|
|Daily Pivot Point S3||1.1675|
|Daily Pivot Point R1||1.1807|
|Daily Pivot Point R2||1.1851|
|Daily Pivot Point R3||1.1874|
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