EUR/USD Price Analysis: A Deeper Drop Could Retest 1.0830
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:
GBP/USD Drops Towards 1.2370 As BoE Eyes Urgent Action Ahead Of UK Inflation, US PMIEUR/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 ...
more