EUR/USD Price Analysis: Chances Grow for a Test of 2022 Lows

- Advertisement -
  • EUR/USD continues to offer and breaks 1.0400.
  • The next move down is the June low at 1.0358.

The EUR/USD keeps the leg down so far this week and now breaks below the 1.0400 support to hit fresh 2-week lows.

The inability to break out of the 4-month line near 1.0640 should keep the bearish pressure around the pair. That said, if the selling trend gathers more momentum, then another visit to the June low at 1.0358 (15 Jun) before the 2022 low at 1.0348 (13 May) could start to appear on the horizon.

- Advertisement -

Longer term, the bearish view on the pair is expected to prevail as long as it trades below the 200-day SMA at 1.1112.

EUR/USD daily chart

- Advertisement -

Technical levels


Last Price Today 1.0416
Today’s Daily Change -0.0027
Today’s Daily Change % -0.26
Today’s Daily Opening 1.0443
20 Daily SMA 1.0563
50 Daily SMA 1.0586
100 Daily SMA 1.0821
200 Daily SMA 1,112
Previous Daily High 1.0536
Previous Daily Minimum 1.0435
Previous Maximum Weekly 1.0606
Previous Weekly Minimum 1.0469
Monthly Prior Maximum 1.0787
Previous Monthly Minimum 1,035
Daily Fibonacci 38.2% 1.0474
Daily Fibonacci 61.8% 1.0497
Daily Pivot Point S1 1.0407
Daily Pivot Point S2 1.0371
Daily Pivot Point S3 1.0307
Daily Pivot Point R1 1.0507
Daily Pivot Point R2 1.0572
Daily Pivot Point R3 1.0608

Source: Fx Street

- Advertisement -


Please enter your comment!
Please enter your name here

Hot Topics

Related Articles