EUR/USD Price Analysis: Still Scope For Extra Losses
- EUR/USD manages to rebound past the 1.0900 hurdle.
- A drop below 1.0844 exposes extra retracements near term.
EUR/USD reverses six consecutive daily pullbacks and regains the 1.0900 hurdle and above on Monday.
If the pair resumes the downside it is expected to revisit the August low of 1.0844 (August 18) prior to the July low of 1.0833 (July 6). The loss of this region leaves the pair vulnerable to a probable test of the critical 200-day SMA at 1.0792 in the short-term horizon.
In the meantime, the pair’s positive outlook remains unchanged while above the 200-day SMA.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
OVERVIEW | |
---|---|
Today last price | 1.0893 |
Today Daily Change | 48 |
Today Daily Change % | 0.19 |
Today daily open | 1.0872 |
TRENDS | |
---|---|
Daily SMA20 | 1.0969 |
Daily SMA50 | 1.0978 |
Daily SMA100 | 1.0931 |
Daily SMA200 | 1.0791 |
LEVELS | |
---|---|
Previous Daily High | 1.0894 |
Previous Daily Low | 1.0845 |
Previous Weekly High | 1.096 |
Previous Weekly Low | 1.0845 |
Previous Monthly High | 1.1276 |
Previous Monthly Low | 1.0834 |
Daily Fibonacci 38.2% | 1.0864 |
Daily Fibonacci 61.8% | 1.0875 |
Daily Pivot Point S1 | 1.0846 |
Daily Pivot Point S2 | 1.0821 |
Daily Pivot Point S3 | 1.0798 |
Daily Pivot Point R1 | 1.0895 |
Daily Pivot Point R2 | 1.0919 |
Daily Pivot Point R3 | 1.0944 |
More By This Author:
USD Index Price Analysis: The 200-Day SMA Near 103.20 Holds The DownsideNatural Gas Futures: Extra Weakness In The Pipeline
EUR/USD Price Analysis: A Drop To 1.0833 Remains In Store
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 ...
more