The 200-week SMA near 1.1320 seen holding the downside so far

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

EUR/USD

• 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 regions.
• Furthermore, the bearish view on the spot is expected to prevail while below the short-term resistance line, today at 1.1540.

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

Source Fxstreet.com