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EUR/USD Technical Analysis: Decline could extend to 1.1330 and 1.1300

  • EUR/USD remains on the defensive so far this week and the continuation of the bearish move carries the potential to re-visit the key 200-day SMA at 1.1329 ahead of the 1.1300 neighbourhood.
  • Further downside should meet extra support in the YTD lows in the 1.1290/85 band.
  • In the meantime, the negative view is expected to remain in place while below the 4-month resistance line at 1.1506.

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1351
    Today Daily change: 22 pips
    Today Daily change %: -0.15%
    Today Daily Open: 1.1368
Trends:
    Daily SMA20: 1.1414
    Daily SMA50: 1.1401
    Daily SMA100: 1.1434
    Daily SMA200: 1.1551
Levels:
    Previous Daily High: 1.1416
    Previous Daily Low: 1.1362
    Previous Weekly High: 1.1516
    Previous Weekly Low: 1.139
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1383
    Daily Fibonacci 61.8%: 1.1395
    Daily Pivot Point S1: 1.1348
    Daily Pivot Point S2: 1.1327
    Daily Pivot Point S3: 1.1293
    Daily Pivot Point R1: 1.1403
    Daily Pivot Point R2: 1.1437
    Daily Pivot Point R3: 1.1458

 

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