EUR/USD Technical Analysis: the resumption of the selling bias could test the 1.1040 region


  • EUR/USD has left behind the optimism seen at the beginning of the week and is today challenging recent lows in the 1.1080/70 band.
  • Against this backdrop, Thursday’s bearish ‘outside day’ remains well in place and still points to further losses in the near term.
  • That said, a deeper pullback should see the 55-day SMA at 1.1040 retested. This area of support is reinforced by the proximity of the 21-day SMA, today at 1.1045.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.1079
Today Daily Change 27
Today Daily Change % -0.21
Today daily open 1.1102
 
Trends
Daily SMA20 1.1046
Daily SMA50 1.1036
Daily SMA100 1.113
Daily SMA200 1.1202
 
Levels
Previous Daily High 1.1107
Previous Daily Low 1.1076
Previous Weekly High 1.1063
Previous Weekly Low 1.0941
Previous Monthly High 1.111
Previous Monthly Low 1.0885
Daily Fibonacci 38.2% 1.1096
Daily Fibonacci 61.8% 1.1088
Daily Pivot Point S1 1.1083
Daily Pivot Point S2 1.1064
Daily Pivot Point S3 1.1052
Daily Pivot Point R1 1.1114
Daily Pivot Point R2 1.1126
Daily Pivot Point R3 1.1145

 

 

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