- EUR/USD loses further ground and trades closer to 1.0800.
- The loss of this level exposes a move to the April low at 1.0788.
EUR/USD maintains the bearish price action and slips back to the vicinity of the 1.0800 neighborhood on Wednesday.
The 1.0800 area appears supported by the temporary 100-day SMA (1.0804) and the loss of this region could trigger a deeper drop to, initially, the April low at 1.0788 (April 3). Further south emerges the March bottom of 1.0516 (March 15).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0460.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0824 |
| Today Daily Change | 60 |
| Today Daily Change % | -0.35 |
| Today daily open | 1.0862 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0977 |
| Daily SMA50 | 1.0881 |
| Daily SMA100 | 1.0804 |
| Daily SMA200 | 1.0459 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0904 |
| Previous Daily Low | 1.0855 |
| Previous Weekly High | 1.1054 |
| Previous Weekly Low | 1.0848 |
| Previous Monthly High | 1.1095 |
| Previous Monthly Low | 1.0788 |
| Daily Fibonacci 38.2% | 1.0874 |
| Daily Fibonacci 61.8% | 1.0886 |
| Daily Pivot Point S1 | 1.0843 |
| Daily Pivot Point S2 | 1.0824 |
| Daily Pivot Point S3 | 1.0794 |
| Daily Pivot Point R1 | 1.0893 |
| Daily Pivot Point R2 | 1.0923 |
| Daily Pivot Point R3 | 1.0942 |
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