EUR/USD Technical Analysis: Rising odds for a test of 2018 lows at 1.1216

  • The pair has resumed the downside after leaving behind a tepid bullish attempt during early trade.
  • EUR/USD has quickly breached the previous low at 1.1289 and December 2018 low at 1.1269, extending the down move to the boundaries of 1.1240, new 2019 lows.
  • Extra losses are expected to remain well on the cards for the time being, with the immediate target at 2018 lows in the 1.1220/15 band (November 12).

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1266
    Today Daily change: 33 pips
    Today Daily change %: -0.09%
    Today Daily Open: 1.1276
Trends:
    Daily SMA20: 1.139
    Daily SMA50: 1.1398
    Daily SMA100: 1.1421
    Daily SMA200: 1.1541
Levels:
    Previous Daily High: 1.1332
    Previous Daily Low: 1.1267
    Previous Weekly High: 1.1462
    Previous Weekly Low: 1.132
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1292
    Daily Fibonacci 61.8%: 1.1307
    Daily Pivot Point S1: 1.1252
    Daily Pivot Point S2: 1.1228
    Daily Pivot Point S3: 1.1188
    Daily Pivot Point R1: 1.1316
    Daily Pivot Point R2: 1.1356
    Daily Pivot Point R3: 1.138

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news