- 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.
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
Technical levels
EUR/USD
Panorama | |
---|---|
Last Price Today | 1.0416 |
Today’s Daily Change | -0.0027 |
Today’s Daily Change % | -0.26 |
Today’s Daily Opening | 1.0443 |
Trends | |
---|---|
20 Daily SMA | 1.0563 |
50 Daily SMA | 1.0586 |
100 Daily SMA | 1.0821 |
200 Daily SMA | 1,112 |
levels | |
---|---|
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
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