EUR/USD Technical Analysis: The pair’s outlook remains negative below 1.1450

Spot briefly pierced the 1.1300 support on Wednesday, although it has managed to reclaim that level later in the day, where it is now looking to stabilize.
Extra downside is expected to meet YTD lows in the vicinity of 1.1230 ahead of 2018 low at 1.1216 seen in late November.
On the broader picture, EUR/USD is seen negative while below the 5-month resistance line at 1.1450.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1312
    Today Daily change: 14 pips
    Today Daily change %: 0.01%
    Today Daily Open: 1.1311
Trends:
    Daily SMA20: 1.1331
    Daily SMA50: 1.1387
    Daily SMA100: 1.1381
    Daily SMA200: 1.1504
Levels:
    Previous Daily High: 1.1326
    Previous Daily Low: 1.1285
    Previous Weekly High: 1.1422
    Previous Weekly Low: 1.1328
    Previous Monthly High: 1.1489
    Previous Monthly Low: 1.1234
    Daily Fibonacci 38.2%: 1.131
    Daily Fibonacci 61.8%: 1.1301
    Daily Pivot Point S1: 1.1289
    Daily Pivot Point S2: 1.1267
    Daily Pivot Point S3: 1.1249
    Daily Pivot Point R1: 1.1329
    Daily Pivot Point R2: 1.1348
    Daily Pivot Point R3: 1.1369

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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