EUR/USD Technical Analysis: Euro plummets to multi-month lows


EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA). 
  • EUR/USD reached its lowest point since mid-December 2018.

EUR/USD 4-hour chart

  • EUR/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.

EUR/USD 30-minute chart

  • EUR/USD is evolving below its main SMAs suggesting bearish momentum. 
  • If bears can break 1.2700 multi-month support, then 1.1215 (2018 low) can be on the cards. 
  • Resistance is seen at 1.1300 figure and 1.1350 level.

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1276
    Today Daily change: -46 pips
    Today Daily change %: -0.41%
    Today Daily Open: 1.1322
Trends:
    Daily SMA20: 1.1399
    Daily SMA50: 1.14
    Daily SMA100: 1.1425
    Daily SMA200: 1.1544
Levels:
    Previous Daily High: 1.1353
    Previous Daily Low: 1.132
    Previous Weekly High: 1.1462
    Previous Weekly Low: 1.132
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1333
    Daily Fibonacci 61.8%: 1.134
    Daily Pivot Point S1: 1.1311
    Daily Pivot Point S2: 1.13
    Daily Pivot Point S3: 1.1279
    Daily Pivot Point R1: 1.1343
    Daily Pivot Point R2: 1.1364
    Daily Pivot Point R3: 1.1375

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD rebounds after dismal US PMIs

EUR/USD is trading closer to 1.0850, rising in response to weak US PMIs, with the services one pointing to contraction. Earlier, German Manufacturing PMI beat estimates. 

EUR/USD News

GBP/USD advances to 1.2950 after US data

GBP/USD is trading around 1.2950, taking advantage of US weakness stemming from a downfall in Markit's Services PMI in the US. In Britain, the Manufacturing PMI exceeded estimates. 

GBP/USD News

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Consolidation process underway

The Crypto board continues to be immersed in an emotional leg-breaking, consistently punishing the emotional state of the traders with its continuous changes of direction.

Read more

XAU/USD unstoppable, breaks to fresh 2020 highs, approaching $1650/oz

XAU/USD is trading in an uptrend above its main daily simple moving averages (SMAs) while breaking above a bull channel. Gold is printing fresh 2020 highs hitting $1646.64 per ounce on an intraday basis.  

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex MAJORS

Cryptocurrencies

Signatures