EUR/USD Price Analysis: A Breach Of 1.0800 Appears In Store

  • 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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Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...

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