EUR/USD Technical Analysis: Refreshes session low, poised to extend the slide towards 200-hour SMA

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   •  The pair finally broke down of its European session consolidative phase and dropped to fresh session lows in the last hour amid a goodish USD uptick. 

   •  The pair's inability to move back above 100-hour SMA was seen as a key trigger for intraday bearish traders and behind the latest leg of a sudden drop.

   •  With technical indicators on hourly chart gaining negative momentum, a follow-through slide towards testing 200-hour SMA now looks a distinct possibility.

   •  A follow-through selling below the mentioned support might negate any near-term bullish bias and open the room for further near-term depreciating move.

EUR/USD 1-hourly chart


	EUR/USD Technical Analysis: Refreshes session low, poised to extend the slide towards 200-hour SMA

EUR/USD

Overview:
    Today Last Price: 1.1438
    Today Daily change %: -0.19%
    Today Daily Open: 1.146
Trends:
    Daily SMA20: 1.1427
    Daily SMA50: 1.1396
    Daily SMA100: 1.1442
    Daily SMA200: 1.1561
Levels:
    Previous Daily High: 1.1489
    Previous Daily Low: 1.1434
    Previous Weekly High: 1.1516
    Previous Weekly Low: 1.139
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1468
    Daily Fibonacci 61.8%: 1.1455
    Daily Pivot Point S1: 1.1433
    Daily Pivot Point S2: 1.1406
    Daily Pivot Point S3: 1.1378
    Daily Pivot Point R1: 1.1487
    Daily Pivot Point R2: 1.1515
    Daily Pivot Point R3: 1.1542

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