EUR/USD Price Analysis: Next On The Downside Comes 1.0635
- EUR/USD sees its decline gather pace and test the 1.0715 level.
- Down from here comes the May low in the 1.0630 zone.
EUR/USD sets aside Monday’s decent bounce and resumes the downtrend on Tuesday.
The sharp retracement seen in the latter part of last week seems to have shifted the attention to the downside once again. Against that, the loss of the 1.0700 support is expected to motivate the pair to challenge the May low of 1.0635 (May 31) in the not-so-distant future.
In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0819.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0734 |
| Today Daily Change | 82 |
| Today Daily Change % | -0.57 |
| Today daily open | 1.0795 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0877 |
| Daily SMA50 | 1.0966 |
| Daily SMA100 | 1.0921 |
| Daily SMA200 | 1.0818 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0809 |
| Previous Daily Low | 1.0772 |
| Previous Weekly High | 1.0946 |
| Previous Weekly Low | 1.0772 |
| Previous Monthly High | 1.1065 |
| Previous Monthly Low | 1.0766 |
| Daily Fibonacci 38.2% | 1.0795 |
| Daily Fibonacci 61.8% | 1.0786 |
| Daily Pivot Point S1 | 1.0775 |
| Daily Pivot Point S2 | 1.0755 |
| Daily Pivot Point S3 | 1.0738 |
| Daily Pivot Point R1 | 1.0812 |
| Daily Pivot Point R2 | 1.0829 |
| Daily Pivot Point R3 | 1.0849 |
More By This Author:
EUR/JPY Price Analysis: Upside Target Remains At 160.00USD Index Regains Composure Near 104.30 Ahead Of Data
EUR/USD Price Analysis: Still Room For Extra Losses
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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