- EUR/USD remains bid above the 1.1200 handle although gains are still capped by the 1.1260/70 region, where converge the 55-day SMA and recent tops.
- Further consolidation is likely in the near term, although the inability to clear this initial hurdle could motivate sellers to step in once again and put the pair under downside pressure.
- In the broader picture, the negative outlook on spot stays unchanged while below the key multi-month resistance line at 1.1299. Against this backdrop, the door for another visit to 2019 lows in the 1.1100 neighbourhood remains well open.
|Today last price||1.1233|
|Today Daily Change||23|
|Today Daily Change %||0.10|
|Today daily open||1.1222|
|Previous Daily High||1.1264|
|Previous Daily Low||1.1222|
|Previous Weekly High||1.1254|
|Previous Weekly Low||1.1166|
|Previous Monthly High||1.1326|
|Previous Monthly Low||1.1111|
|Daily Fibonacci 38.2%||1.1238|
|Daily Fibonacci 61.8%||1.1248|
|Daily Pivot Point S1||1.1208|
|Daily Pivot Point S2||1.1193|
|Daily Pivot Point S3||1.1164|
|Daily Pivot Point R1||1.125|
|Daily Pivot Point R2||1.1279|
|Daily Pivot Point R3||1.1293|
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