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EUR/USD Technical Analysis: Rising odds for a move lower to 1.1026

  • Price action in EUR/USD remains fragile so far this week following the rejection from Monday’s tops in the 1.1160 area.
  • The immediate hurdle in case the upside bias returns to the markets is located at this week’s peak at 1.1163 (Monday) ahead of the Fibonacci retracement at 1.1186. Above this zone, the 1.1199/1.1206 band, coincident with the 55-day and 100-day SMAs, emerges as a more significant resistance.
  • If the sellers regain the upper hand, a visit to last week’s low at 1.1051 should be back to the horizon ahead of 2019 lows at 1.1026.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1074
Today Daily Change17
Today Daily Change %-0.04
Today daily open1.1078
 
Trends
Daily SMA201.1133
Daily SMA501.1202
Daily SMA1001.1209
Daily SMA2001.1281
Levels
Previous Daily High1.11
Previous Daily Low1.1073
Previous Weekly High1.1154
Previous Weekly Low1.1052
Previous Monthly High1.1373
Previous Monthly Low1.106
Daily Fibonacci 38.2%1.1083
Daily Fibonacci 61.8%1.1089
Daily Pivot Point S11.1067
Daily Pivot Point S21.1057
Daily Pivot Point S31.1041
Daily Pivot Point R11.1094
Daily Pivot Point R21.111
Daily Pivot Point R31.112

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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