EUR/USD Technical Analysis: The pair’s bearish stance now looks to 1.1188

EUR/USD quickly broke below the 1.1300 handle at the beginning of the week and recorded fresh 2018 lows at 1.1216.
The breach of 1.1300 is deemed as quite relevant and has now opened the door for a potential visit to 1.1188, the Fibo retracement of the 2017-2018 drop.
The pair remains under pressure for the time being, while occasional bullish attempts should meet interim resistance at 1.1353 (10-day SMA) ahead of 1.1400 (21-day SMA).

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Last Price: 1.1231
    Daily change: -3.0 pips
    Daily change: -0.0267%
    Daily Open: 1.1234
Trends:
    Daily SMA20: 1.1408
    Daily SMA50: 1.1532
    Daily SMA100: 1.1574
    Daily SMA200: 1.1835
Levels:
    Daily High: 1.1334
    Daily Low: 1.1234
    Weekly High: 1.15
    Weekly Low: 1.1316
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1272
    Daily Fibonacci 61.8%: 1.1295
    Daily Pivot Point S1: 1.12
    Daily Pivot Point S2: 1.1167
    Daily Pivot Point S3: 1.11
    Daily Pivot Point R1: 1.13
    Daily Pivot Point R2: 1.1367
    Daily Pivot Point R3: 1.14

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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