EUR/USD retreats further and breaches the key support at 1.0700 the figure on Thursday.
The underlying bearish sentiment remains unchanged and leaves the door open to extra pullbacks in the short-term horizon. Against that backdrop, the pair could now embark on a probable visit to the May low of 1.0635 (May 31) ahead of the March low of 1.0516 (March 15).
In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0821.
EUR/USD daily chart
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0699 |
| Today Daily Change | 45 |
| Today Daily Change % | -0.26 |
| Today daily open | 1.0727 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0853 |
| Daily SMA50 | 1.0957 |
| Daily SMA100 | 1.0916 |
| Daily SMA200 | 1.0822 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0749 |
| Previous Daily Low | 1.0703 |
| Previous Weekly High | 1.0946 |
| Previous Weekly Low | 1.0772 |
| Previous Monthly High | 1.1065 |
| Previous Monthly Low | 1.0766 |
| Daily Fibonacci 38.2% | 1.0731 |
| Daily Fibonacci 61.8% | 1.072 |
| Daily Pivot Point S1 | 1.0704 |
| Daily Pivot Point S2 | 1.068 |
| Daily Pivot Point S3 | 1.0657 |
| Daily Pivot Point R1 | 1.075 |
| Daily Pivot Point R2 | 1.0772 |
| Daily Pivot Point R3 | 1.0796 |
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