EUR/USD Price Analysis: The Loss Of 1.1100 Could Spark A Deeper Drop
- EUR/USD trades in weekly lows near 1.1100.
- Next on the downside comes the 1.1000 key level.
EUR/USD remains well offered and navigates the lower end of the weekly range near the 1.1100 neighbourhood.
The recent upside bias now appears alleviated and further losses seem to be in store for the pair in the near term instead. That said, a sustained drop below the weekly low of 1.1111 could motivate the pair to dispute the psychological hurdle at 1.1000 the figure.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0687.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.1119 |
| Today Daily Change | 33 |
| Today Daily Change % | -0.10 |
| Today daily open | 1.113 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.1017 |
| Daily SMA50 | 1.0888 |
| Daily SMA100 | 1.0878 |
| Daily SMA200 | 1.0682 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.1229 |
| Previous Daily Low | 1.1118 |
| Previous Weekly High | 1.1245 |
| Previous Weekly Low | 1.0944 |
| Previous Monthly High | 1.1012 |
| Previous Monthly Low | 1.0662 |
| Daily Fibonacci 38.2% | 1.1161 |
| Daily Fibonacci 61.8% | 1.1187 |
| Daily Pivot Point S1 | 1.1089 |
| Daily Pivot Point S2 | 1.1048 |
| Daily Pivot Point S3 | 1.0978 |
| Daily Pivot Point R1 | 1.12 |
| Daily Pivot Point R2 | 1.127 |
| Daily Pivot Point R3 | 1.131 |
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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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