Home Markets EUR/USD Price Analysis: Still under bearish pressure below 1.0370/80

EUR/USD Price Analysis: Still under bearish pressure below 1.0370/80

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EUR/USD Price Analysis: Still under bearish pressure below 1.0370/80
  • EUR/USD is under pressure again near 1.0150.
  • The 1.0370/80 area caps the upside for now.

The EUR/USD go back to the bottom of the weekly range near 1.0150 and moderates at the same time as Tuesday’s timid advance.

As long as it is below the 1.0370/80 area, the region where the August high and the 6-month resistance line converge, the pair is expected to remain under downward pressure. That said, the lower end of the recent range in the 1.0100 area should contain the decline ahead of a potential challenge to the psychological parity level.

In the long term, the bearish view on the pair is expected to prevail as long as it trades below the 200-day SMA at 1.0873.

EUR/USD daily chart

Technical levels

EUR/USD

Panorama
Last Price Today 1.0163
Today’s Daily Change -0.0008
Today’s Daily Change % -0.08
Today’s Daily Opening 1.0171
Trends
20 Daily SMA 1,021
50 Daily SMA 1.0307
100 Daily SMA 1.0507
200 Daily SMA 1.0882
levels
Previous Daily High 1.0195
Previous Daily Minimum 1.0123
Previous Maximum Weekly 1.0369
Previous Weekly Minimum 1.0159
Monthly Prior Maximum 1.0486
Previous Monthly Minimum 0.9952
Daily Fibonacci 38.2% 1.0167
Daily Fibonacci 61.8% 1,015
Daily Pivot Point S1 1.0131
Daily Pivot Point S2 1.0091
Daily Pivot Point S3 1.0059
Daily Pivot Point R1 1.0203
Daily Pivot Point R2 1.0235
Daily Pivot Point R3 1.0276

Source: Fx Street

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