- EUR/USD extends downside correction to 0.9550.
- A deeper move could see the 2022 low at 0.9535 revisited.
The EUR/USD faces additional selling pressure and breaks below 0.9800 to drop to the 0.9750 area on Monday.
The odds of further European currency weakness remain so far, with the immediate target at the 2022 low at 0.9535 (Sep 28). The loss of the latter should pave the way for a visit to the round level at 0.9500 before the weekly low at 0.9411 (17 Jun 2002).
In the longer term, the bearish view on the pair should remain unchanged as long as it is below the 200-day SMA at 1.0645.
EUR/USD daily chart
EUR/USD
Overview | |
---|---|
last price today | 0.9766 |
daily change today | 82 |
Today’s daily variation | -0.37 |
Daily opening today | 0.9802 |
Trends | |
---|---|
daily SMA20 | 0.9894 |
daily SMA50 | 1.0031 |
daily SMA100 | 1.0245 |
daily SMA200 | 1.0655 |
levels | |
---|---|
Previous daily high | 0.9854 |
Previous Daily Low | 0.9734 |
Previous Weekly High | 0.9854 |
Previous Weekly Low | 0.9536 |
Previous Monthly High | 1.0198 |
Previous Monthly Low | 0.9536 |
Daily Fibonacci of 38.2% | 0.978 |
Daily Fibonacci of 61.8% | 0.9808 |
Daily Pivot Point S1 | 0.974 |
Daily Pivot Point S2 | 0.9677 |
Daily Pivot Point S3 | 0.962 |
Daily Pivot Point R1 | 0.9859 |
Daily Pivot Point R2 | 0.9916 |
Daily Pivot Point R3 | 0.9978 |
Source: Fx Street
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