EUR/USD Price Analysis: A Deeper Drop Could Retest 1.0830

20 euro bill on white printer paper

Photo by Ibrahim Boran on Unsplash

EUR/USD retreats to 3-day lows in the mid-1.0900s following a failed attempt to retake the key barrier at 1.1000 the figure on Monday.

Further weakness appears on the cards in the very near term for the pair. Against that, there is an initial support at the weekly low at 1.0831 (April 10) prior to April low at 1.0788 (April 3).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0373.

 

EUR/USD daily chart

(Click on image to enlarge)

EUR/USD

OVERVIEW
Today last price 1.0954
Today Daily Change 49
Today Daily Change % -0.35
Today daily open 1.0992

 

TRENDS
Daily SMA20 1.0878
Daily SMA50 1.0743
Daily SMA100 1.071
Daily SMA200 1.037

 

LEVELS
Previous Daily High 1.1076
Previous Daily Low 1.0972
Previous Weekly High 1.1076
Previous Weekly Low 1.0837
Previous Monthly High 1.093
Previous Monthly Low 1.0516
Daily Fibonacci 38.2% 1.1012
Daily Fibonacci 61.8% 1.1036
Daily Pivot Point S1 1.0951
Daily Pivot Point S2 1.091
Daily Pivot Point S3 1.0847
Daily Pivot Point R1 1.1054
Daily Pivot Point R2 1.1117
Daily Pivot Point R3 1.1158

More By This Author:

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EUR/USD Faces Barricades Around 1.1000 As Chances For Fed’s Rate Hike Remain Stubborn
GBP/USD: Can The Pound Continue To Outperform?

Disclaimer: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only ...

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