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EUR/USD Technical Analysis: The pair still targets 2019 lows in the 1.1180 region

  • Spot came under renewed selling pressure on Wednesday and tested fresh weekly lows in the 1.1250/40 band.
  • Extra retracements are therefore likely and now target the yearly lows in the 1.1180/75 band.
  • In the broader picture, the negative outlook on EUR/USD is seen unchanged while below the 5-month resistance line, today at 1.1401.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1283
Today Daily Change44
Today Daily Change %0.15
Today daily open1.1266
 
Trends
Daily SMA201.1317
Daily SMA501.1347
Daily SMA1001.1366
Daily SMA2001.1476
 
Levels
Previous Daily High1.1328
Previous Daily Low1.1263
Previous Weekly High1.1448
Previous Weekly Low1.1273
Previous Monthly High1.1489
Previous Monthly Low1.1234
Daily Fibonacci 38.2%1.1288
Daily Fibonacci 61.8%1.1303
Daily Pivot Point S11.1244
Daily Pivot Point S21.1222
Daily Pivot Point S31.118
Daily Pivot Point R11.1308
Daily Pivot Point R21.135
Daily Pivot Point R31.1372

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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