EUR/USD is mildly bid in Asia, but the gains could be short-lived, as yesterday’s sell-off seems to have put sellers in commanding position for the near term.
As of writing, the pair is trading at the session high of 1.1241, having hit lows near 1.1260 earlier today. The shared currency fell more than 70 pips yesterday, confirming a downside break of the rising channel.
- The repeated failure to close above 1.13 followed by the bullish channel breakdown indicates the path of least resistance is now to the downside and the recent lows near 1.1170 could soon come into play.
- The sell-off, however, may not happen today, as trading volumes will remain thin on account of the Good Friday holiday in major FX trading hubs in Europe and the US.
|Today last price||1.1241|
|Today Daily Change||0.0011|
|Today Daily Change %||0.10|
|Today daily open||1.1231|
|Previous Daily High||1.1306|
|Previous Daily Low||1.1226|
|Previous Weekly High||1.1326|
|Previous Weekly Low||1.1213|
|Previous Monthly High||1.1448|
|Previous Monthly Low||1.1176|
|Daily Fibonacci 38.2%||1.1257|
|Daily Fibonacci 61.8%||1.1275|
|Daily Pivot Point S1||1.1203|
|Daily Pivot Point S2||1.1175|
|Daily Pivot Point S3||1.1124|
|Daily Pivot Point R1||1.1282|
|Daily Pivot Point R2||1.1333|
|Daily Pivot Point R3||1.1361|
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