- EUR/USD recovers some of the ground lost in Tuesday’s sharp decline.
- A further bounce should target the monthly high line near 1,180.
EUR/USD regains some poise and manages to trim some of the weekly decline after Tuesday’s drop on the release of US retail inflation figures.
If the recovery picks up, the intermediate hurdle lies at the 55-day simple moving average (SMA) at 1.0125 ahead of the key seven-month resistance line near 1.0180 today. A move beyond the latter is needed to mitigate downside pressure while allowing a visit to the intermediate 100-Day SMA at 1.0325 ahead of the more relevant August high at 1.0368 (10 Aug).
In the longer term, the bearish view on the pair is expected to prevail as long as it trades below the 200-day SMA at 1-1.0741.
EUR/USD day chart
EUR/USD
Panorama | |
---|---|
Last Price Today | 0.999 |
Today’s Daily Change | 0.0016 |
Today’s Daily Change % | 0.16 |
Today’s Daily Opening | 0.9974 |
Trends | |
---|---|
20 Daily SMA | 1.0003 |
50 Daily SMA | 1.0108 |
100 Daily SMA | 1.0334 |
200 Daily SMA | 1,075 |
levels | |
---|---|
Previous Daily High | 1.0187 |
Previous Daily Minimum | 0.9967 |
Previous Maximum Weekly | 1.0114 |
Previous Weekly Minimum | 0.9864 |
Monthly Prior Maximum | 1.0369 |
Previous Monthly Minimum | 0.9901 |
Daily Fibonacci 38.2% | 1.0051 |
Daily Fibonacci 61.8% | 1.0103 |
Daily Pivot Point S1 | 0.9898 |
Daily Pivot Point S2 | 0.9822 |
Daily Pivot Point S3 | 0.9677 |
Daily Pivot Point R1 | 1.0118 |
Daily Pivot Point R2 | 1.0263 |
Daily Pivot Point R3 | 1.0339 |
Source: Fx Street
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