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EUR/USD Technical Analysis: Spot looks vulnerable near YTD lows around 1.1100

  • EUR/USD has resumed the downside on Tuesday following yesterday’s mild and unfruitful recovery attempt.
  • The continuation of the down move is expected to challenge yearly lows in the proximity of 1.1100 the figure. While below the multi-month resistance line at 1.1283, the negative stance in the pair is seen unchanged.
  • Occasional bullish attempts should meet initial hurdle in the 1.1185/90 band, where coincide the 21-day and 10-day SMAs.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1154
Today Daily Change28
Today Daily Change %-0.13
Today daily open1.1168
 
Trends
Daily SMA201.119
Daily SMA501.1243
Daily SMA1001.1308
Daily SMA2001.1393
Levels
Previous Daily High1.1176
Previous Daily Low1.1151
Previous Weekly High1.1264
Previous Weekly Low1.1154
Previous Monthly High1.1326
Previous Monthly Low1.1111
Daily Fibonacci 38.2%1.1167
Daily Fibonacci 61.8%1.116
Daily Pivot Point S11.1153
Daily Pivot Point S21.1139
Daily Pivot Point S31.1127
Daily Pivot Point R11.1179
Daily Pivot Point R21.1191
Daily Pivot Point R31.1205

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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