EUR/USD comes under pressure following Monday’s tops.
Further decline could revisit the 1.0650 zone in the near term.
EUR/USD faces increasing selling pressure and returns to the sub-1.0700 region after hitting new highs near 1.0750 at the beginning of the week.In case the downward bias picks up extra pace, the pair could extend the pullback to the 55-day SMA near 1.0650, which is expected to provide temporary contention.In the meantime, while below the 200-day SMA at 1.0804, the pair’s outlook should remain negative.
EUR/USD daily chart
EUR/USD
| OVERVIEW |
| Today last price |
1.0669 |
| Today Daily Change |
57 |
| Today Daily Change % |
-0.48 |
| Today daily open |
1.072 |
| TRENDS |
| Daily SMA20 |
1.0595 |
| Daily SMA50 |
1.0636 |
| Daily SMA100 |
1.0805 |
| Daily SMA200 |
1.0806 |
| LEVELS |
| Previous Daily High |
1.0756 |
| Previous Daily Low |
1.0718 |
| Previous Weekly High |
1.0747 |
| Previous Weekly Low |
1.0517 |
| Previous Monthly High |
1.0695 |
| Previous Monthly Low |
1.0448 |
| Daily Fibonacci 38.2% |
1.0732 |
| Daily Fibonacci 61.8% |
1.0742 |
| Daily Pivot Point S1 |
1.0706 |
| Daily Pivot Point S2 |
1.0693 |
| Daily Pivot Point S3 |
1.0668 |
| Daily Pivot Point R1 |
1.0745 |
| Daily Pivot Point R2 |
1.077 |
| Daily Pivot Point R3 |
1.0784 |
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