EUR/USD Price Analysis: Further Weakness Could Revisit 1.0500
- EUR/USD accelerates its losses to weekly lows near 1.0660.
- The next support of note emerges at 1.0650 ahead of 1.0500.
EUR/USD retreats further and approaches the transitory 55-day SMA near 1.0650 on Wednesday.
In case the downward bias picks up extra pace, the next relevant contention is expected to emerge around the 1.0500 neighborhood in the short-term horizon.
In the meantime, while below the 200-day SMA at 1.0802, the pair’s outlook should remain negative.
EUR/USD daily chart
EUR/USD
OVERVIEW | |
---|---|
Today last price | 1.0669 |
Today Daily Change | 40 |
Today Daily Change % | -0.24 |
Today daily open | 1.0695 |
TRENDS | |
---|---|
Daily SMA20 | 1.06 |
Daily SMA50 | 1.0632 |
Daily SMA100 | 1.0803 |
Daily SMA200 | 1.0806 |
LEVELS | |
---|---|
Previous Daily High | 1.0724 |
Previous Daily Low | 1.0664 |
Previous Weekly High | 1.0747 |
Previous Weekly Low | 1.0517 |
Previous Monthly High | 1.0695 |
Previous Monthly Low | 1.0448 |
Daily Fibonacci 38.2% | 1.0687 |
Daily Fibonacci 61.8% | 1.0701 |
Daily Pivot Point S1 | 1.0665 |
Daily Pivot Point S2 | 1.0635 |
Daily Pivot Point S3 | 1.0606 |
Daily Pivot Point R1 | 1.0724 |
Daily Pivot Point R2 | 1.0753 |
Daily Pivot Point R3 | 1.0783 |
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