EUR/USD Technical Analysis: Consolidative near term. Potential for a test of 1.1300 (and below)

  • EUR/USD is prolonging the sideline theme below the 1.1400 handle today, so far supported by the 1.1300 neighbourhood.
  • The recent rejection from the 1.1400 level and beyond has motivated sellers to return to the market and once again open the door for a probable leg lower.
  • Immediate support thus emerges at the 2018 low at 1.1214 (November 12) ahead of 1.1188, a Fibo retracement of the 2017-2018 rally.

EUR/USD daily chart

 

 

 

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:
    Today Last Price: 1.1325
    Today Daily change: -20 pips
    Today Daily change %: -0.176%
    Today Daily Open: 1.1345
Trends:
    Previous Daily SMA20: 1.1348
    Previous Daily SMA50: 1.1427
    Previous Daily SMA100: 1.152
    Previous Daily SMA200: 1.1751
Levels:
    Previous Daily High: 1.1362
    Previous Daily Low: 1.1311
    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%: 1.1342
    Previous Daily Fibonacci 61.8%: 1.133
    Previous Daily Pivot Point S1: 1.1317
    Previous Daily Pivot Point S2: 1.1288
    Previous Daily Pivot Point S3: 1.1266
    Previous Daily Pivot Point R1: 1.1367
    Previous Daily Pivot Point R2: 1.139
    Previous Daily Pivot Point R3: 1.1418

 

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