EUR/USD Technical Analysis: Scope for a new visit to 2018 lows at 1.1299

By Pablo Piovano
  • EUR/USD continues to grind lower this week, accelerating the downside to the mid-1.1400s after break below the critical support at 1.1500 the figure .
  • Immediate contention should emerge at October’s low at 1.1430 ahead of the 200-week SMA, today at 1.1322.
  • The continuation of the down move is expected to meet the so far 2018 low at 1.1299 (August 15).

EUR/USD daily chart

 

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:
    Last Price: 1.1447
    Daily change: -84 pips
    Daily change: -0.728%
    Daily Open: 1.1531
Trends:
    Daily SMA20: 1.1583
    Daily SMA50: 1.1582
    Daily SMA100: 1.1624
    Daily SMA200: 1.1911
Levels:
    Daily High: 1.154
    Daily Low: 1.1531
    Weekly High: 1.1611
    Weekly Low: 1.143
    Monthly High: 1.1816
    Monthly Low: 1.1526
    Daily Fibonacci 38.2%: 1.1479
    Daily Fibonacci 61.8%: 1.1498
    Daily Pivot Point S1: 1.1425
    Daily Pivot Point S2: 1.1398
    Daily Pivot Point S3: 1.1347
    Daily Pivot Point R1: 1.1504
    Daily Pivot Point R2: 1.1556
    Daily Pivot Point R3: 1.1583

 

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.