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EUR/USD Technical Analysis: Rising odds for a test of 2019 low at 1.0926

  • The leg lower in EUR/USD has gathered traction in past hours following awful prints from European PMIs.
  • The down move to the 1.0970 region has opened the door for a potential new visit to YTD lows in the proximity of 1.0920 (September 3rd).
  • Occasional bullish attempts should meet the initial hurdle of relevance at the short-term resistance line, today at 1.1071. Further up emerge the low-1.1100s, where coincide the 55-day SMA and monthly highs.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0989
Today Daily Change14
Today Daily Change %-0.05
Today daily open1.0994
 
Trends
Daily SMA201.1033
Daily SMA501.1105
Daily SMA1001.1174
Daily SMA2001.1252
 
Levels
Previous Daily High1.1026
Previous Daily Low1.0966
Previous Weekly High1.1084
Previous Weekly Low1.099
Previous Monthly High1.1251
Previous Monthly Low1.0962
Daily Fibonacci 38.2%1.0989
Daily Fibonacci 61.8%1.1003
Daily Pivot Point S11.0965
Daily Pivot Point S21.0936
Daily Pivot Point S31.0906
Daily Pivot Point R11.1024
Daily Pivot Point R21.1054
Daily Pivot Point R31.1083

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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