EUR/USD Price Analysis: Upside Limited Just Above 1.1000 -

EUR/USD Price Analysis: Upside Limited Just Above 1.1000

Nov 30, 2023Jeremy ParkinsonFinance0

EUR/USD faces extra downside pressure and breaches 1.0900.

Further losses retarget the 200-day SMA near 1.0820.

EUR/USD adds to Wednesday’s decline and breaks below the 1.0900 support to print new multi-session lows on Thursday.So far, the rejection of monthly highs past the key 1.1000 barrier could revisit a minor support at the weekly low of 1.0852 (November 27). The loss of this level could put a potential test of the critical 200-day SMA, today at 1.0816, back on the radar in the short-term horizon.So far, while above the significant 200-day SMA, today at 1.0816, the pair’s outlook should remain constructive.
EUR/USD daily chart

EUR/USD

OVERVIEW Today last price 1.0904 Today Daily Change 91 Today Daily Change % -0.63 Today daily open 1.0973 TRENDS Daily SMA20 1.0826 Daily SMA50 1.0672 Daily SMA100 1.079 Daily SMA200 1.0816 LEVELS Previous Daily High 1.1017 Previous Daily Low 1.096 Previous Weekly High 1.0965 Previous Weekly Low 1.0852 Previous Monthly High 1.0695 Previous Monthly Low 1.0448 Daily Fibonacci 38.2% 1.0982 Daily Fibonacci 61.8% 1.0995 Daily Pivot Point S1 1.095 Daily Pivot Point S2 1.0926 Daily Pivot Point S3 1.0892 Daily Pivot Point R1 1.1007 Daily Pivot Point R2 1.1041 Daily Pivot Point R3 1.1064

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