EUR/USD Technical Analysis: A drop to 2018 lows at 1.1215 still remains in the pipeline

  • After bottoming out in the 1.1250/48 band in early trade, EUR/USD attracted some buying interest and it has regained some shine since then.
  • However, the likeliness of a deeper pullback to the area of 2018 lows at 1.1215 stays well and sound as long as the resistance line at 1.1494 caps the upside.
  • Downside pressure, however, is expected to alleviate on a surpass of the 100-day SMA, today at 1.1410.

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1267
    Today Daily change: 46 pips
    Today Daily change %: 0.01%
    Today Daily Open: 1.1266
Trends:
    Daily SMA20: 1.1379
    Daily SMA50: 1.1397
    Daily SMA100: 1.1412
    Daily SMA200: 1.1535
Levels:
    Previous Daily High: 1.1344
    Previous Daily Low: 1.1264
    Previous Weekly High: 1.1462
    Previous Weekly Low: 1.132
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1294
    Daily Fibonacci 61.8%: 1.1313
    Daily Pivot Point S1: 1.1239
    Daily Pivot Point S2: 1.1212
    Daily Pivot Point S3: 1.116
    Daily Pivot Point R1: 1.1319
    Daily Pivot Point R2: 1.1371
    Daily Pivot Point R3: 1.1398

 

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