EUR/USD Technical Analysis: The 200-week SMA near 1.1320 seen holding the downside so far

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  • EUR/USD remains under pressure so far this week. However, the leg lower appears so far contained in the boundaries of the 200-week SMA.
  • A breakdown of this key support level should open the door for a potential re-visit of YTD lows in the 1.1300 neighborhood, while extra pullbacks should meet the next stop at December low in the 1.1270 region.
  • Furthermore, the bearish view on the spot is expected to prevail while below the short-term resistance line, today at 1.1540.

EUR/USD weekly chart


	EUR/USD Technical Analysis: The 200-week SMA near 1.1320 seen holding the downside so far

EUR/USD

Overview:
    Today Last Price: 1.1362
    Today Daily change:10 pips
    Today Daily change %: 0.09%
    Today Daily Open: 1.1352
Trends:
    Daily SMA20: 1.1425
    Daily SMA50: 1.139
    Daily SMA100: 1.1458
    Daily SMA200: 1.1594
Levels:
    Previous Daily High: 1.1382
    Previous Daily Low: 1.1336
    Previous Weekly High: 1.1491
    Previous Weekly Low: 1.1353
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Daily Fibonacci 38.2%: 1.1353
    Daily Fibonacci 61.8%: 1.1364
    Daily Pivot Point S1: 1.1332
    Daily Pivot Point S2: 1.1311
    Daily Pivot Point S3: 1.1286
    Daily Pivot Point R1: 1.1377
    Daily Pivot Point R2: 1.1402
    Daily Pivot Point R3: 1.1423

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