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21 Jan 2019
EUR/USD Technical Analysis: Further weakness could see 1.1300 re-tested
- EUR/USD came under heightened selling pressure throughout last week, dropping to lows near 1.1350, where some decent support appears to have emerged.
- A loss of last week’s lows should open the door for a potential visit of the key 200-week SMA at 1.1323 ahead of YTD lows at 1.1306 (January 3).
- Further out, spot is expected to remain neutral/bearish while below the September 2018-January 2019 resistance line, today at 1.1552.
EUR/USD daily chart
EUR/USD
Overview:
Today Last Price: 1.1375
Today Daily change: 0.0010 pips
Today Daily change %: 0.09%
Today Daily Open: 1.1365
Trends:
Daily SMA20: 1.143
Daily SMA50: 1.1386
Daily SMA100: 1.1463
Daily SMA200: 1.1604
Levels:
Previous Daily High: 1.1412
Previous Daily Low: 1.1353
Previous Weekly High: 1.1491
Previous Weekly Low: 1.1353
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Daily Fibonacci 38.2%: 1.1375
Daily Fibonacci 61.8%: 1.1389
Daily Pivot Point S1: 1.1341
Daily Pivot Point S2: 1.1318
Daily Pivot Point S3: 1.1283
Daily Pivot Point R1: 1.14
Daily Pivot Point R2: 1.1435
Daily Pivot Point R3: 1.1458