EUR/USD Price Analysis: Initial Support Emerges Near 1.0910
The selling pressure around EUR/USD remains everything but abated on Thursday, as this time the pair visits new multi-week lows around 1.0910.
Considering the ongoing price action, spot risks more sustained losses once 1.0900 is cleared. Against that, the pair could then challenge the July low of 1.0833 (July 6) sooner rather than later.
A deeper retracement from here should put a potential test of the key 200-day SMA at 1.0737 back on the radar, although this scenario remains out of favour for the time being.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0926 |
| Today Daily Change | 44 |
| Today Daily Change % | -0.11 |
| Today daily open | 1.0938 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.1074 |
| Daily SMA50 | 1.0926 |
| Daily SMA100 | 1.0913 |
| Daily SMA200 | 1.0734 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.102 |
| Previous Daily Low | 1.0918 |
| Previous Weekly High | 1.115 |
| Previous Weekly Low | 1.0944 |
| Previous Monthly High | 1.1276 |
| Previous Monthly Low | 1.0834 |
| Daily Fibonacci 38.2% | 1.0957 |
| Daily Fibonacci 61.8% | 1.0981 |
| Daily Pivot Point S1 | 1.0898 |
| Daily Pivot Point S2 | 1.0857 |
| Daily Pivot Point S3 | 1.0796 |
| Daily Pivot Point R1 | 1.1 |
| Daily Pivot Point R2 | 1.1061 |
| Daily Pivot Point R3 | 1.1102 |
More By This Author:
USD Index Gathers Extra Traction And Approaches 103.00 Ahead Of Data
EUR/USD Price Analysis: Near-Term Outlook Remains Negative Below 1.1150
EUR/USD Price Analysis: Immediately To The Upside Comes 1.1150
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
Comments
