EUR/USD Price Analysis: Next Support Of Note Comes At 1.1000
- EUR/USD keeps correcting lower and revisits the 1.1170 zone.
- Further south emerges the next contention area at 1.1000.
EUR/USD leaves behind earlier gains and returns to the area of weekly lows near 1.1170 on Thursday.
While the continuation of the upside momentum appears favoured in the very near term, the ongoing corrective decline carries the potential to drag the pair to the 1.1000 neighbourhood, where a more solid contention is expected to emerge.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0680.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
OVERVIEW | |
---|---|
Today last price | 1.118 |
Today Daily Change | 58 |
Today Daily Change % | -0.19 |
Today daily open | 1.1201 |
TRENDS | |
---|---|
Daily SMA20 | 1.1008 |
Daily SMA50 | 1.0884 |
Daily SMA100 | 1.0872 |
Daily SMA200 | 1.0675 |
LEVELS | |
---|---|
Previous Daily High | 1.124 |
Previous Daily Low | 1.1174 |
Previous Weekly High | 1.1245 |
Previous Weekly Low | 1.0944 |
Previous Monthly High | 1.1012 |
Previous Monthly Low | 1.0662 |
Daily Fibonacci 38.2% | 1.1199 |
Daily Fibonacci 61.8% | 1.1215 |
Daily Pivot Point S1 | 1.117 |
Daily Pivot Point S2 | 1.1139 |
Daily Pivot Point S3 | 1.1104 |
Daily Pivot Point R1 | 1.1236 |
Daily Pivot Point R2 | 1.1271 |
Daily Pivot Point R3 | 1.1302 |
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