- EUR/USD prolongs the negative price action below the 200day SMA.
- Below the 55-day SMA at 1.1093 the selling bias should re-emerge.
EUR/USD trades on the defensive for the second session in a row. Losses are expected to pick up pace following the breakdown of the 200-day SMA in the 1.1140 region.
The bullish move that started in early December appears to have lost momentum, leaving an interim top in the vicinity of 1.1240 (December 31st) for the time being.
Further downside should now allow a visit to the 55-day SMA in sub-1.1100 levels, reinstalling at the same time the bearish view in the par.
EUR/USD daily chart
|Today last price||1.1128|
|Today Daily Change||43|
|Today Daily Change %||-0.14|
|Today daily open||1.1144|
|Previous Daily High||1.12|
|Previous Daily Low||1.1134|
|Previous Weekly High||1.1276|
|Previous Weekly Low||1.1124|
|Previous Monthly High||1.124|
|Previous Monthly Low||1.1002|
|Daily Fibonacci 38.2%||1.1159|
|Daily Fibonacci 61.8%||1.1175|
|Daily Pivot Point S1||1.1118|
|Daily Pivot Point S2||1.1092|
|Daily Pivot Point S3||1.1051|
|Daily Pivot Point R1||1.1185|
|Daily Pivot Point R2||1.1226|
|Daily Pivot Point R3||1.1252|
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