EUR/USD Technical Analysis: The 1.1289/69 band expected to hold the downside

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  • The pair keeps the bearish mood unchanged so far this week, although a sustainable break below the critical 200-day SMA in the 1.1330 region still remains elusive.
  • The continuation of the down move is expected to meet strong support in the 1.1289/69 band, where coincide YTD lows and December lows.
  • In the meantime, a retest and surpass of the 100-day SMA at 1.1429 is needed to alleviate the current downside pressure.

EUR/USD daily chart


	EUR/USD Technical Analysis: The 1.1289/69 band expected to hold the downside

EUR/USD

Overview:
    Today Last Price: 1.1331
    Today Daily change: 20 pips
    Today Daily change %: -0.10%
    Today Daily Open: 1.1342
Trends:
    Daily SMA20: 1.1406
    Daily SMA50: 1.14
    Daily SMA100: 1.143
    Daily SMA200: 1.1548
Levels:
    Previous Daily High: 1.1376
    Previous Daily Low: 1.1324
    Previous Weekly High: 1.1516
    Previous Weekly Low: 1.139
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1344
    Daily Fibonacci 61.8%: 1.1356
    Daily Pivot Point S1: 1.1319
    Daily Pivot Point S2: 1.1295
    Daily Pivot Point S3: 1.1266
    Daily Pivot Point R1: 1.1371
    Daily Pivot Point R2: 1.14
    Daily Pivot Point R3: 1.1424

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