EUR/USD Technical Analysis: Bearish view unchanged. Door open for a visit to YTD low at 1.1299

The pair is now seeing some recovery after dropping to the 1.1380 area on Wednesday, managing to regain the 1.1400 barrier and above.
Further downside should see the critical 200-week SMA tested at 1.1319, considered the last defense of a probable test of 2018 low at 1.1299 (August 15).
On the flip side, occasional bullish attempts should meet strong resistance in the 1.1493/1.1520 band, where converge the 10-day SMA, May 29 low and the 21-day SMA.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Last Price: 1.1415
    Daily change: -1.2e+2 pips
    Daily change: -1.01%
    Daily Open: 1.1531
Trends:
    Daily SMA20: 1.1571
    Daily SMA50: 1.1584
    Daily SMA100: 1.1623
    Daily SMA200: 1.1909
Levels:
    Daily High: 1.154
    Daily Low: 1.1531
    Weekly High: 1.1622
    Weekly Low: 1.1433
    Monthly High: 1.1816
    Monthly Low: 1.1526
    Daily Fibonacci 38.2%: 1.1496
    Daily Fibonacci 61.8%: 1.1472
    Daily Pivot Point S1: 1.1453
    Daily Pivot Point S2: 1.1392
    Daily Pivot Point S3: 1.1351
    Daily Pivot Point R1: 1.1555
    Daily Pivot Point R2: 1.1596
    Daily Pivot Point R3: 1.1657

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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