EUR/USD Price Analysis: Another drop to 0.9535 appears on the table

- Advertisement -
  • EUR/USD partially moderates Wednesday’s strong rally to 0.9750.
  • If the bears take the initiative again, the pair could revisit the low of the year.

The upward attempt EUR/USD It failed again at the weekly highs around 0.9750, triggering a sharp sell-off below.

The odds of further European currency weakness remain so far, with the immediate target at the 2022 low at 0.9535 (Sep 28). A deeper drop could challenge the round level at 0.9500 before the weekly low at 0.9411 (17 Jun 2002).

- Advertisement -

In the longer term, the bearish view on the pair should remain unchanged as long as it is below the 200-day SMA at 1.0660.

EUR/USD daily chart

EUR/USD

Overview
last price today 0.9688
daily change today 111
Today’s daily change % -0.48
Daily opening today 0.9735
Trends
daily SMA20 0.9908
daily SMA50 1.0048
daily SMA100 1.0257
daily SMA200 1,067
levels
Previous daily high 0.9751
Previous Daily Low 0.9536
Previous Weekly High 1.0051
Previous Weekly Low 0.9668
Previous Monthly High 1.0369
Previous Monthly Low 0.9901
Daily Fibonacci of 38.2% 0.9669
Daily Fibonacci of 61.8% 0.9618
Daily Pivot Point S1 0.9596
Daily Pivot Point S2 0.9458
Daily Pivot Point S3 0.9381
Daily Pivot Point R1 0.9812
Daily Pivot Point R2 0.9889
Daily Pivot Point R3 1.0027

- Advertisement -

Source: Fx Street

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Related Articles