EUR/USD Price Analysis: Outlook Remains Bearish Below The 200-Day SMA
- EUR/USD adds to Wednesday’s recovery attempt past 1.0500.
- Immediate resistance emerges around 1.0620.
EUR/USD keeps the bid bias unchanged and adds to Wednesday’s advance north of 1.0500 the figure on Thursday.
The continuation of the rebound should initially retarget the minor barrier at 1.0617 (September 29) ahead of the weekly peak of 1.0767 (September 12).
Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA, today at 1.0824.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
OVERVIEW | |
---|---|
Today last price | 1.0512 |
Today Daily Change | 30 |
Today Daily Change % | 0.08 |
Today daily open | 1.0504 |
TRENDS | |
---|---|
Daily SMA20 | 1.0626 |
Daily SMA50 | 1.0788 |
Daily SMA100 | 1.0847 |
Daily SMA200 | 1.0827 |
LEVELS | |
---|---|
Previous Daily High | 1.0532 |
Previous Daily Low | 1.0451 |
Previous Weekly High | 1.0656 |
Previous Weekly Low | 1.0488 |
Previous Monthly High | 1.0882 |
Previous Monthly Low | 1.0488 |
Daily Fibonacci 38.2% | 1.0501 |
Daily Fibonacci 61.8% | 1.0482 |
Daily Pivot Point S1 | 1.046 |
Daily Pivot Point S2 | 1.0415 |
Daily Pivot Point S3 | 1.0379 |
Daily Pivot Point R1 | 1.0541 |
Daily Pivot Point R2 | 1.0577 |
Daily Pivot Point R3 | 1.0622 |
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