- EUR/USD remains well into the negative territory, reversing at the same time two consecutive weekly closes with gains.
- The bearish stance is expected to prevail as long as the pair navigates below the key multi-month resistance line at 1.1291.
EUR/USD's technical picture keeps favoring the bears. The pair is heading to a losing close after two consecutive winning weeks.
Its inability to clear the critical 1.1250/60 band – where coincide monthly tops and the 55-day simple moving average – has opened the door to a return of sellers and the palpable chance of a visit to year-to-date lows in the 1.1100 neighbourhood in the next weeks.
|Today last price||1.1176|
|Today Daily Change||14|
|Today Daily Change %||-0.02|
|Today daily open||1.1178|
|Previous Daily High||1.1226|
|Previous Daily Low||1.1166|
|Previous Weekly High||1.1254|
|Previous Weekly Low||1.1166|
|Previous Monthly High||1.1326|
|Previous Monthly Low||1.1111|
|Daily Fibonacci 38.2%||1.1189|
|Daily Fibonacci 61.8%||1.1203|
|Daily Pivot Point S1||1.1155|
|Daily Pivot Point S2||1.1131|
|Daily Pivot Point S3||1.1096|
|Daily Pivot Point R1||1.1214|
|Daily Pivot Point R2||1.1249|
|Daily Pivot Point R3||1.1273|
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