EUR/USD Technical Analysis: Scope for a new visit to 2018 lows at 1.1299

EUR/USD continues to grind lower this week, accelerating the downside to the mid-1.1400s after break below the critical support at 1.1500 the figure .
Immediate contention should emerge at October’s low at 1.1430 ahead of the 200-week SMA, today at 1.1322.
The continuation of the down move is expected to meet the so far 2018 low at 1.1299 (August 15).

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview:
    Last Price: 1.1447
    Daily change: -84 pips
    Daily change: -0.728%
    Daily Open: 1.1531
Trends:
    Daily SMA20: 1.1583
    Daily SMA50: 1.1582
    Daily SMA100: 1.1624
    Daily SMA200: 1.1911
Levels:
    Daily High: 1.154
    Daily Low: 1.1531
    Weekly High: 1.1611
    Weekly Low: 1.143
    Monthly High: 1.1816
    Monthly Low: 1.1526
    Daily Fibonacci 38.2%: 1.1479
    Daily Fibonacci 61.8%: 1.1498
    Daily Pivot Point S1: 1.1425
    Daily Pivot Point S2: 1.1398
    Daily Pivot Point S3: 1.1347
    Daily Pivot Point R1: 1.1504
    Daily Pivot Point R2: 1.1556
    Daily Pivot Point R3: 1.1583

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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