EUR/USD Technical Analysis: Downside pressure persists below 1.1500

  • The pair comes under some selling pressure at the end of the week after two consecutive daily advances and a couple of failed attempts to break above the 1.1400 mark.
  • The negative bias is poised to persist as long as the pair trades below November’s peak in the 1.1500 neighbourhood, leaving a test of YTD lows around 1.1200 well on the cards.
  • On the upside, interim hurdle emerges at recent tops in the 1.1470/80 band.

EUR/USD daily chart

	EUR/USD Technical Analysis: Downside pressure persists below 1.1500


    Today Last Price: 1.1379
    Today Daily change: -11 pips
    Today Daily change %: -0.0966%
    Today Daily Open: 1.139
    Previous Daily SMA20: 1.1364
    Previous Daily SMA50: 1.146
    Previous Daily SMA100: 1.1534
    Previous Daily SMA200: 1.177
    Previous Daily High: 1.1402
    Previous Daily Low: 1.1348
    Previous Weekly High: 1.1473
    Previous Weekly Low: 1.1328
    Previous Monthly High: 1.1625
    Previous Monthly Low: 1.1302
    Previous Daily Fibonacci 38.2%: 1.1382
    Previous Daily Fibonacci 61.8%: 1.1369
    Previous Daily Pivot Point S1: 1.1358
    Previous Daily Pivot Point S2: 1.1326
    Previous Daily Pivot Point S3: 1.1304
    Previous Daily Pivot Point R1: 1.1412
    Previous Daily Pivot Point R2: 1.1434
    Previous Daily Pivot Point R3: 1.1466


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