- EUR/USD extends decline to 1.1020 area.
- The next bearish target emerges in the 1.1000 area.
The EUR/USD adds to the bearish tone seen on Friday, although the pair trades mostly within the familiar range on Monday.
Should the sellers push further, the neighborhood of 1.1000 should offer some decent competition. This area is also supported by temporary support at the 10-day SMA at 1.0997 before the weekly low at 1.0900 (March 14).
The negative medium-term outlook for EUR/USD is expected to remain unchanged while below the key 200-day SMA today at 1.1525.
EUR/USD daily chart
Additional technical levels
EUR/USD
| Panorama | |
|---|---|
| Last Price Today | 1.1045 |
| Today’s Daily Change | -0.0006 |
| Today’s Daily Change % | -0.05 |
| Today’s Daily Opening | 1.1051 |
| Trends | |
|---|---|
| 20 Daily SMA | 1.1084 |
| 50 Daily SMA | 1.1241 |
| 100 Daily SMA | 1.1296 |
| 200 Daily SMA | 1.1532 |
| levels | |
|---|---|
| Previous Daily High | 1.1119 |
| Previous Daily Minimum | 1.1003 |
| Previous Maximum Weekly | 1.1138 |
| Previous Weekly Minimum | 1.0901 |
| Monthly Prior Maximum | 1.1495 |
| Previous Monthly Minimum | 1.1106 |
| Daily Fibonacci 38.2% | 1.1047 |
| Daily Fibonacci 61.8% | 1.1075 |
| Daily Pivot Point S1 | 1.0997 |
| Daily Pivot Point S2 | 1.0942 |
| Daily Pivot Point S3 | 1.0881 |
| Daily Pivot Point R1 | 1.1112 |
| Daily Pivot Point R2 | 1.1173 |
| Daily Pivot Point R3 | 1.1228 |
Source: Fx Street
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