EUR/USD Technical Analysis: Scope for extra downside. Target remains at 1.1300 and below
- The pair remains under pressure and is now putting the 1.1350 area to the test, or fresh multi-week lows.
- The continuation of the leg lower could open the door for a visit to the key 200-week SMA in the 1.1320 region. A break below this level could allow for a test of YTD lows in the 1.1300 neighbourhood ahead of December lows in the 1.1270/65 band.
- The bearish outlook on EUR/USD is expected to persist as long as the short-term resistance line, today at 1.1542, caps.


EUR/USD
Overview:
Today Last Price: 1.1358
Today Daily change: -0.0011 pips
Today Daily change %: -0.10%
Today Daily Open: 1.1369
Trends:
Daily SMA20: 1.1428
Daily SMA50: 1.1388
Daily SMA100: 1.146
Daily SMA200: 1.1599
Levels:
Previous Daily High: 1.1392
Previous Daily Low: 1.1357
Previous Weekly High: 1.1491
Previous Weekly Low: 1.1353
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Daily Fibonacci 38.2%: 1.1378
Daily Fibonacci 61.8%: 1.137
Daily Pivot Point S1: 1.1353
Daily Pivot Point S2: 1.1338
Daily Pivot Point S3: 1.1318
Daily Pivot Point R1: 1.1388
Daily Pivot Point R2: 1.1407
Daily Pivot Point R3: 1.1423
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.

















