- A widely-followed MA is offering support to EUR/USD.
- The bearish setup remains valid with the double top pattern calling a move below 1.10.
EUR/USD is currently holding above the 50-day average support at 1.1039 with the daily chart reporting a bearish bias.
Notably, the double top breakdown confirmed on Wednesday indicates the common currency could roll over to deeper support levels below 1.10.
The 14-day relative strength index is also reporting bearish conditions with a below-50 print.
EUR/USD is trading at 1.1050 at press time.
|Today last price||1.105|
|Today Daily Change||-0.0019|
|Today Daily Change %||-0.17|
|Today daily open||1.1069|
|Previous Daily High||1.1094|
|Previous Daily Low||1.1064|
|Previous Weekly High||1.1176|
|Previous Weekly Low||1.1074|
|Previous Monthly High||1.118|
|Previous Monthly Low||1.0879|
|Daily Fibonacci 38.2%||1.1076|
|Daily Fibonacci 61.8%||1.1082|
|Daily Pivot Point S1||1.1058|
|Daily Pivot Point S2||1.1047|
|Daily Pivot Point S3||1.1029|
|Daily Pivot Point R1||1.1087|
|Daily Pivot Point R2||1.1105|
|Daily Pivot Point R3||1.1116|
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