EUR/USD Technical Analysis: Bearish outside day prompts extra weakness near term

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  • The pair traded deeply into the red territory on Wednesday, charting at the same time a bearish engulfing candle and opening the door for further retracement in the short-term horizon.


	EUR/USD Technical Analysis: Bearish outside day prompts extra weakness near term

  • In the hourly chart, yesterday’s sharp sell off halted just ahead of the critical support at 1.1300 the figure. Despite the mild rebound so far, the pair is poised to remain under pressure, at least until tomorrow’s release of US jobs report.


	EUR/USD Technical Analysis: Bearish outside day prompts extra weakness near term

  • In the 4-hour chart, the area around 1.1380 emerges as an interim hurdle for the time being.


	EUR/USD Technical Analysis: Bearish outside day prompts extra weakness near term

EUR/USD

Overview:
    Today Last Price: 1.1359
    Today Daily change: 13 pips
    Today Daily change %: 0.115%
    Today Daily Open: 1.1346
Trends:
    Previous Daily SMA20: 1.1387
    Previous Daily SMA50: 1.1372
    Previous Daily SMA100: 1.148
    Previous Daily SMA200: 1.1657
Levels:
    Previous Daily High: 1.152
    Previous Daily Low: 1.1325
    Previous Weekly High: 1.1478
    Previous Weekly Low: 1.1343
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Previous Daily Fibonacci 38.2%: 1.1399
    Previous Daily Fibonacci 61.8%: 1.1445
    Previous Daily Pivot Point S1: 1.1274
    Previous Daily Pivot Point S2: 1.1202
    Previous Daily Pivot Point S3: 1.108
    Previous Daily Pivot Point R1: 1.1468
    Previous Daily Pivot Point R2: 1.1591
    Previous Daily Pivot Point R3: 1.1663

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