- EUR/USD is in correction mode this Monday bouncing from the 1.1200 level.
- The bear trend remains intact with the level to beat for bears at 1.1200 figure.
EUR/USD daily chart
EUR/USD is trading in a bear trend below its 100 and 200-day simple moving average (DSMA). The market has found some support at the 50 DSMA near 1.1219.
The market is starting the week with a rebound from the 1.1200 figure and the 200 SMA. The move can be seen as corrective as long as the market doesn’t surpass the 1.1300 handle.
EUR/USD 30-minute chart
EUR/USD is trading at daily highs and testing 1.1250 and the 100 SMA. The overall momentum remains bearish however if the market reclaims 1.1280/1.1300 on a daily closing basis it would question the bear case. For sellers, a daily close below 1.1200 would be seen as encouraging with a potential continuation down towards 1.1160 and 1.1120.
|Today last price||1.1238|
|Today Daily Change||0.0028|
|Today Daily Change %||0.25|
|Today daily open||1.121|
|Previous Daily High||1.1291|
|Previous Daily Low||1.1202|
|Previous Weekly High||1.1344|
|Previous Weekly Low||1.1202|
|Previous Monthly High||1.1266|
|Previous Monthly Low||1.1107|
|Daily Fibonacci 38.2%||1.1236|
|Daily Fibonacci 61.8%||1.1257|
|Daily Pivot Point S1||1.1178|
|Daily Pivot Point S2||1.1146|
|Daily Pivot Point S3||1.109|
|Daily Pivot Point R1||1.1266|
|Daily Pivot Point R2||1.1322|
|Daily Pivot Point R3||1.1354|
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