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8 Feb 2019
EUR/USD Technical Analysis: The 1.1289/69 band expected to hold the downside
- 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
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