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

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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