EUR/USD Price Analysis: Upside Limited Just Above 1.1000
- EUR/USD faces extra downside pressure and breaches 1.0900.
- Further losses retarget the 200-day SMA near 1.0820.
EUR/USD adds to Wednesday’s decline and breaks below the 1.0900 support to print new multi-session lows on Thursday.
So far, the rejection of monthly highs past the key 1.1000 barrier could revisit a minor support at the weekly low of 1.0852 (November 27). The loss of this level could put a potential test of the critical 200-day SMA, today at 1.0816, back on the radar in the short-term horizon.
So far, while above the significant 200-day SMA, today at 1.0816, the pair’s outlook should remain constructive.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0904 |
| Today Daily Change | 91 |
| Today Daily Change % | -0.63 |
| Today daily open | 1.0973 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0826 |
| Daily SMA50 | 1.0672 |
| Daily SMA100 | 1.079 |
| Daily SMA200 | 1.0816 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.1017 |
| Previous Daily Low | 1.096 |
| Previous Weekly High | 1.0965 |
| Previous Weekly Low | 1.0852 |
| Previous Monthly High | 1.0695 |
| Previous Monthly Low | 1.0448 |
| Daily Fibonacci 38.2% | 1.0982 |
| Daily Fibonacci 61.8% | 1.0995 |
| Daily Pivot Point S1 | 1.095 |
| Daily Pivot Point S2 | 1.0926 |
| Daily Pivot Point S3 | 1.0892 |
| Daily Pivot Point R1 | 1.1007 |
| Daily Pivot Point R2 | 1.1041 |
| Daily Pivot Point R3 | 1.1064 |
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