EUR/USD Technical Analysis: The pair looks negative and could re-visit 1.1299

Spot is coming under further selling pressure so far this week, breaking below the key support at 1.1500 the figure and opening the door for a potential text of 2018 lows at 1.1299.
Immediate target on the downside appears 1.1449 (Fibo retracement of the 2017-2018 rally) ahead of October’s low at 1.1430.
A breach of this area of support should pave the way for another visit to YTD lows just below the 1.1300 handle.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Last Price: 1.1509
    Daily change: -22 pips
    Daily change: -0.191%
    Daily Open: 1.1531
Trends:
    Daily SMA20: 1.1599
    Daily SMA50: 1.1583
    Daily SMA100: 1.1627
    Daily SMA200: 1.1914
Levels:
    Daily High: 1.154
    Daily Low: 1.1531
    Weekly High: 1.1611
    Weekly Low: 1.143
    Monthly High: 1.1816
    Monthly Low: 1.143
    Daily Fibonacci 38.2%: 1.1529
    Daily Fibonacci 61.8%: 1.1549
    Daily Pivot Point S1: 1.1471
    Daily Pivot Point S2: 1.1441
    Daily Pivot Point S3: 1.1385
    Daily Pivot Point R1: 1.1556
    Daily Pivot Point R2: 1.1612
    Daily Pivot Point R3: 1.1642

Author

Pablo Piovano

FXStreet

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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