EUR/USD Technical Analysis: Further weakness could see 1.1300 re-tested


  • EUR/USD came under heightened selling pressure throughout last week, dropping to lows near 1.1350, where some decent support appears to have emerged.
  • A loss of last week’s lows should open the door for a potential visit of the key 200-week SMA at 1.1323 ahead of YTD lows at 1.1306 (January 3).
  • Further out, spot is expected to remain neutral/bearish while below the September 2018-January 2019 resistance line, today at 1.1552.

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1375
    Today Daily change: 0.0010 pips
    Today Daily change %: 0.09%
    Today Daily Open: 1.1365
Trends:
    Daily SMA20: 1.143
    Daily SMA50: 1.1386
    Daily SMA100: 1.1463
    Daily SMA200: 1.1604
Levels:
    Previous Daily High: 1.1412
    Previous Daily Low: 1.1353
    Previous Weekly High: 1.1491
    Previous Weekly Low: 1.1353
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Daily Fibonacci 38.2%: 1.1375
    Daily Fibonacci 61.8%: 1.1389
    Daily Pivot Point S1: 1.1341
    Daily Pivot Point S2: 1.1318
    Daily Pivot Point S3: 1.1283
    Daily Pivot Point R1: 1.14
    Daily Pivot Point R2: 1.1435
    Daily Pivot Point R3: 1.1458

 

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