EUR/USD Technical Analysis: Intraday rejection slide tests 50-hour SMA

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   •  The pair extended its intraday rejection slide from 100-day SMA and has now drifted into negative territory, hitting fresh daily lows in the last hour.

EUR/USD daily chart


	EUR/USD Technical Analysis: Intraday rejection slide tests 50-hour SMA

   •  The downward momentum dragged the pair to test 50-hour SMA immediate support, which if broken might trigger some additional intraday weakness.

   •  Technical indicators on the 1-hourly chart have just started gaining negative momentum but managed to hold with a positive bias on 4-hourly/daily charts.

1-hourly chart


	EUR/USD Technical Analysis: Intraday rejection slide tests 50-hour SMA

   •  Hence, it would be prudent to wait for a subsequent fall before confirming that the recent corrective rally has ended and positioning for any further downfall.

EUR/USD

Overview:
    Today Last Price: 1.1422
    Today Daily change %: -0.05%
    Today Daily Open: 1.1428
Trends:
    Daily SMA20: 1.1417
    Daily SMA50: 1.139
    Daily SMA100: 1.1449
    Daily SMA200: 1.1575
Levels:
    Previous Daily High: 1.1446
    Previous Daily Low: 1.139
    Previous Weekly High: 1.1418
    Previous Weekly Low: 1.1289
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Daily Fibonacci 38.2%: 1.1424
    Daily Fibonacci 61.8%: 1.1411
    Daily Pivot Point S1: 1.1397
    Daily Pivot Point S2: 1.1366
    Daily Pivot Point S3: 1.1342
    Daily Pivot Point R1: 1.1452
    Daily Pivot Point R2: 1.1477
    Daily Pivot Point R3: 1.1508

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