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EUR/USD Technical Analysis: The pair stays depressed while below the 1.1450 region

  • The pair has intensified the leg lower today and is flirting with multi-day lows in the 1.1330/20 band, where lies the key 200-week SMA.
  • The near term bearish outlook in EUR/USD is expected to persist while below the resistance line, today at 1.1451.
  • Spot needs to surpass this area of resistance on a sustainable note in order to alleviate the downside pressure and allow for a test of the 1.1500 handle and beyond.

EUR/USD daily chart

EUR/USD

Overview:
    Today Last Price: 1.1319
    Today Daily change: 25 pips
    Today Daily change %: -0.20%
    Today Daily Open: 1.1342
Trends:
    Daily SMA20: 1.1339
    Daily SMA50: 1.139
    Daily SMA100: 1.1385
    Daily SMA200: 1.1506
Levels:
    Previous Daily High: 1.1388
    Previous Daily Low: 1.1309
    Previous Weekly High: 1.1422
    Previous Weekly Low: 1.1328
    Previous Monthly High: 1.1489
    Previous Monthly Low: 1.1234
    Daily Fibonacci 38.2%: 1.1339
    Daily Fibonacci 61.8%: 1.1358
    Daily Pivot Point S1: 1.1305
    Daily Pivot Point S2: 1.1268
    Daily Pivot Point S3: 1.1227
    Daily Pivot Point R1: 1.1384
    Daily Pivot Point R2: 1.1425
    Daily Pivot Point R3: 1.1462

 

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