EUR/USD Technical Analysis: Rising odds for a test of YTD lows around 1.1290

  • EUR/USD remains on the defensive, intensifying the bearish sentiment following the recent breakdown of the critical 200-week SMA in the 1.1330 region.
  • Further losses should meet strong support in the 1.1289/69 band in the near term, where coincide YTD lows and December 2018 lows. This area is expected to hold the downside.
  • On the other hand, a surpass of the key 100-day SMA at 1.1424 should mitigate the downside pressure.

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1318
    Today Daily change: 20 pips
    Today Daily change %: -0.04%
    Today Daily Open: 1.1322
Trends:
    Daily SMA20: 1.1399
    Daily SMA50: 1.14
    Daily SMA100: 1.1425
    Daily SMA200: 1.1544
Levels:
    Previous Daily High: 1.1353
    Previous Daily Low: 1.132
    Previous Weekly High: 1.1462
    Previous Weekly Low: 1.132
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1333
    Daily Fibonacci 61.8%: 1.134
    Daily Pivot Point S1: 1.1311
    Daily Pivot Point S2: 1.13
    Daily Pivot Point S3: 1.1279
    Daily Pivot Point R1: 1.1343
    Daily Pivot Point R2: 1.1364
    Daily Pivot Point R3: 1.1375

 

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