EUR/USD Price Analysis: A Visit To The YTD Low Looms Closer

  • EUR/USD resumes the downside and retargets the 1.0500 zone.
  • The September low at 1.0490 comes next for EUR-bears.

EUR/USD leaves behind a two-day recovery and shifts its attention to the downside and the 1.0500 neighborhood on Monday.

If bears remain in control, another visit to the September low of 1.0488 (September 27) should start emerging on the horizon just ahead of the 2023 low of 1.0481 (January 6).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA, today at 1.0826.
 

EUR/USD daily chart

(Click on image to enlarge)


EUR/USD

OVERVIEW
Today last price 1.0525
Today Daily Change 77
Today Daily Change % -0.46
Today daily open 1.0574
TRENDS
Daily SMA20 1.0666
Daily SMA50 1.0823
Daily SMA100 1.0858
Daily SMA200 1.0829
LEVELS
Previous Daily High 1.0617
Previous Daily Low 1.0558
Previous Weekly High 1.0656
Previous Weekly Low 1.0488
Previous Monthly High 1.0882
Previous Monthly Low 1.0488
Daily Fibonacci 38.2% 1.0595
Daily Fibonacci 61.8% 1.0581
Daily Pivot Point S1 1.0549
Daily Pivot Point S2 1.0524
Daily Pivot Point S3 1.049
Daily Pivot Point R1 1.0608
Daily Pivot Point R2 1.0642
Daily Pivot Point R3 1.0667

More By This Author:

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EUR/USD Price Analysis: Downside Mitigated Above 1.0770
Euro Climbs To Daily Highs Near 1.0620 Prior To Key US Data

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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