Markets

EUR/USD Price Analysis: Outlook remains negative below 200-day SMA

September 19, 2023
1:44 PM

EUR/USD recovery briefly surpassed the key 1.0700 threshold on Tuesday.
The next bullish level is 1.0767, before 1.0828.

He EUR/USD trades with volatility and seeks to consolidate the break of the 1.0700 threshold on Tuesday.

If the bounce gains strength, the pair should face a small hurdle at the weekly high of 1.0767 (September 12) before the critical 200-day SMA at 1.0828.

Below the 200-day SMA, the pair could weaken.

EUR/USD Daily Chart

EUR/USD

Overview
Latest price today	1,069
Today I change daily	42
Today’s daily variation	-0.02
Today’s daily opening	1.0692

Trends
daily SMA20	1.0771
daily SMA50	1.0924
SMA100 daily	1.0892
SMA200 daily	1.0829

Levels
Previous daily high	1.0699
Previous daily low	1.0655
Previous weekly high	1.0769
Previous weekly low	1.0632
Previous Monthly High	1.1065
Previous monthly low	1.0766
Daily Fibonacci 38.2	1.0682
Fibonacci 61.8% daily	1.0672
Daily Pivot Point S1	1.0665
Daily Pivot Point S2	1.0638
Daily Pivot Point S3	1.0621
Daily Pivot Point R1	1.0709
Daily Pivot Point R2	1.0726
Daily Pivot Point R3	1.0753

Source: Fx Street

Joshua

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.