EUR/USD Technical Analysis: A probable test of the 200-week SMA is back on the cards

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  • The pair is prolonging the leg lower following last week’s tops beyond the 1.1500 handle.
  • The loss of the 100-day SMA at 1.1436 has opened the door for a deeper retracement to, initially, the 55-day SMA at 1.1391.
  • Further south emerges the critical 200-week SMA in the 1.1330 region. A break below this area should leave YTD lows in the 1.1290/85 band exposed.

EUR/USD daily chart


	EUR/USD Technical Analysis: A probable test of the 200-week SMA is back on the cards

EUR/USD

Overview:
    Today Last Price: 1.1386
    Today Daily change: -0.0027 pips
    Today Daily change %: -0.24%
    Today Daily Open: 1.1413
Trends:
    Daily SMA20: 1.1423
    Daily SMA50: 1.1401
    Daily SMA100: 1.1437
    Daily SMA200: 1.1554
Levels:
    Previous Daily High: 1.1453
    Previous Daily Low: 1.1401
    Previous Weekly High: 1.1516
    Previous Weekly Low: 1.139
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1421
    Daily Fibonacci 61.8%: 1.1433
    Daily Pivot Point S1: 1.1392
    Daily Pivot Point S2: 1.1371
    Daily Pivot Point S3: 1.1341
    Daily Pivot Point R1: 1.1443
    Daily Pivot Point R2: 1.1473
    Daily Pivot Point R3: 1.1494

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