EUR/USD Technical Analysis: 1.1350 target hit as Euro weakens against the US Dollar in the New York session

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA).
EUR/USD reached the 1.1350 target as forecast.

EUR/USD 4-hour chart

EUR/USD is now trading just above the 50 SMA as technical indicators are decelerating.

EUR/USD 30-minute chart

EUR/USD broke below the 200 SMA.
The path of least resistance is to the downside and the market might be set for continued weakness towards 1.1320 and 1.1300 figure in the coming sessions.

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1355
    Today Daily change: 10 pips
    Today Daily change %: 0.0881%
    Today Daily Open: 1.1345
Trends:
    Previous Daily SMA20: 1.1357
    Previous Daily SMA50: 1.1443
    Previous Daily SMA100: 1.1527
    Previous Daily SMA200: 1.176
Levels:
    Previous Daily High: 1.1382
    Previous Daily Low: 1.132
    Previous Weekly High: 1.1402
    Previous Weekly Low: 1.1267
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1343
    Previous Daily Fibonacci 61.8%: 1.1358
    Previous Daily Pivot Point S1: 1.1316
    Previous Daily Pivot Point S2: 1.1287
    Previous Daily Pivot Point S3: 1.1254
    Previous Daily Pivot Point R1: 1.1378
    Previous Daily Pivot Point R2: 1.1411
    Previous Daily Pivot Point R3: 1.144

Author

Flavio Tosti

Independent Analyst

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