EUR/USD Price Analysis: Extra Losses Appear On The Table

  • EUR/USD clinches new six-month lows near 1.0610.
  • Further decline opens the door to a drop to the 1.0515 zone.

EUR/USD keeps the negative price action well in place and retreats to fresh multi-month lows around 1.0615 on Friday.

If the pair breaches this level in the short-term horizon, it could then open the door to a potential retracement to the March low of 1.0516 (Mar 8), which is the last defence ahead of an assault on the 2023 low at 1.0481 (January 6).

While below the key 200-day SMA at 1.0828, the pair is likely to face extra weakness.
 

EUR/USD daily chart

(Click on image to enlarge)


EUR/USD

OVERVIEW
Today last price 1.0656
Today Daily Change 57
Today Daily Change % -0.04
Today daily open 1.066
TRENDS
Daily SMA20 1.0745
Daily SMA50 1.0897
Daily SMA100 1.0881
Daily SMA200 1.083
LEVELS
Previous Daily High 1.0674
Previous Daily Low 1.0617
Previous Weekly High 1.0769
Previous Weekly Low 1.0632
Previous Monthly High 1.1065
Previous Monthly Low 1.0766
Daily Fibonacci 38.2% 1.0639
Daily Fibonacci 61.8% 1.0652
Daily Pivot Point S1 1.0627
Daily Pivot Point S2 1.0594
Daily Pivot Point S3 1.057
Daily Pivot Point R1 1.0683
Daily Pivot Point R2 1.0707
Daily Pivot Point R3 1.074

More By This Author:

EUR/USD Price Analysis: Further South Emerges The March Low At 1.0516
EUR/JPY Price Analysis: Further Range Bound On The Cards
EUR/USD Price Analysis: Next On The Upside Aligns 1.0770

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with