EUR/USD Price Analysis: Still Room For Extra Losses
- EUR/USD makes a U-turn and regains the 1.0800 zone.
- Further decline could revisit the August low near 1.0760
EUR/USD manages to pick up some traction and reclaims the area above 1.0800 the figure at the beginning of the week.
The sharp retracement seen in the latter part of last week seems to have shifted the attention to the downside. Against that, the next contention area aligns at the August low of 1.0765 (August 25) prior to the May low of 1.0635 (May 31).
In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0817.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
OVERVIEW | |
---|---|
Today last price | 1.0804 |
Today Daily Change | 37 |
Today Daily Change % | 0.26 |
Today daily open | 1.0776 |
TRENDS | |
---|---|
Daily SMA20 | 1.0888 |
Daily SMA50 | 1.0968 |
Daily SMA100 | 1.0922 |
Daily SMA200 | 1.0816 |
LEVELS | |
---|---|
Previous Daily High | 1.0882 |
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% | 1.0814 |
Daily Fibonacci 61.8% | 1.084 |
Daily Pivot Point S1 | 1.0738 |
Daily Pivot Point S2 | 1.07 |
Daily Pivot Point S3 | 1.0629 |
Daily Pivot Point R1 | 1.0848 |
Daily Pivot Point R2 | 1.092 |
Daily Pivot Point R3 | 1.0958 |
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