- EUR/USD remains under pressure and falls below 0.9900.
- The 2022 low is located at 0.9863 (September 6).
EUR/USD deepens its weekly correction and breaks key support in the 0.9900 area on Wednesday.
The pair has embarked on a corrective decline and this carries the potential to extend further and revisit the 2022 low at 0.9863 (Sep 6). The loss of this area should put the December 2002 low at 0.9859 back on the radar before the October 2022 low at 0.9685.
In the long term, the bearish view on the pair is expected to prevail as long as it trades below the 200 SMA at 1.0709.
EUR/USD day chart
|Last Price Today||0.99|
|Today’s Daily Change||-0.0071|
|Today’s Daily Change %||-0.71|
|Today’s Daily Opening||0.9971|
|20 Daily SMA||0.9992|
|50 Daily SMA||1.0096|
|100 Daily SMA||1.0307|
|200 Daily SMA||1.0718|
|Previous Daily High||1.0051|
|Previous Daily Minimum||0.9955|
|Previous Maximum Weekly||1.0198|
|Previous Weekly Minimum||0.9945|
|Monthly Prior Maximum||1.0369|
|Previous Monthly Minimum||0.9901|
|Daily Fibonacci 38.2%||0.9992|
|Daily Fibonacci 61.8%||1.0014|
|Daily Pivot Point S1||0.9934|
|Daily Pivot Point S2||0.9897|
|Daily Pivot Point S3||0.9839|
|Daily Pivot Point R1||1,003|
|Daily Pivot Point R2||1.0088|
|Daily Pivot Point R3||1.0125|
Source: Fx Street