EUR/USD Technical Analysis: Euro challenges the 2019 low during the ECB press conference

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EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages (SMAs).
  • The European Central Bank (ECB) left its key interest rate unchanged.
  • As the ECB press conference unfolds, EUR/USD tested the 2019 low.


	EUR/USD Technical Analysis: Euro challenges the 2019 low during the ECB press conference

EUR/USD 4-hour chart

  • EUR/USD is trading below its main SMAs as the market tested the 2019 low.


	EUR/USD Technical Analysis: Euro challenges the 2019 low during the ECB press conference

EUR/USD 30-minute chart

  • Although bears brought the market to the 2019 low, bulls are already back bringing the market above 1.1350. 
  • EUR/USD is set to remain sideways as the SMAs are coiled together. However, it wouldn’t be surprising to see bulls marching towards 1.1380, 1.1430 and 1.1470 levels in the coming sessions.


	EUR/USD Technical Analysis: Euro challenges the 2019 low during the ECB press conference

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1365
    Today Daily change: -17 pips
    Today Daily change %: -0.15%
    Today Daily Open: 1.1382
Trends:
    Daily SMA20: 1.1426
    Daily SMA50: 1.1391
    Daily SMA100: 1.1456
    Daily SMA200: 1.1589
Levels:
    Previous Daily High: 1.1396
    Previous Daily Low: 1.1351
    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%: 1.1368
    Daily Pivot Point S1: 1.1357
    Daily Pivot Point S2: 1.1331
    Daily Pivot Point S3: 1.1312
    Daily Pivot Point R1: 1.1402
    Daily Pivot Point R2: 1.1421
    Daily Pivot Point R3: 1.1447

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