EUR/USD Technical Analysis: The pair faces formidable support in the 1.1260/70 band

  • The pair remains under pressure below 1.1300 the figure so far this week, although the idea of a deeper down move, let’s say below 2018 lows at 1.1215, appears to be losing some traction as of late.
  • That said, an attempt of some consolidation is on the cards in the near term as EUR/USD keeps looking for a more relevant catalyst.
  • While the area of support in the 1.1270/50 band holds, spot keeps the chances of a rebound to 1.1400 and above alive.

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1276
    Today Daily change: 28 pips
    Today Daily change %: -0.16%
    Today Daily Open: 1.1294
Trends:
    Daily SMA20: 1.1374
    Daily SMA50: 1.1395
    Daily SMA100: 1.1408
    Daily SMA200: 1.1532
Levels:
    Previous Daily High: 1.1311
    Previous Daily Low: 1.1249
    Previous Weekly High: 1.1462
    Previous Weekly Low: 1.132
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1287
    Daily Fibonacci 61.8%: 1.1273
    Daily Pivot Point S1: 1.1258
    Daily Pivot Point S2: 1.1223
    Daily Pivot Point S3: 1.1197
    Daily Pivot Point R1: 1.132
    Daily Pivot Point R2: 1.1346
    Daily Pivot Point R3: 1.1381

 

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