- EUR/USD keeps the current side-lined trade unchanged.
- Immediately to the downside appears the monthly low near 1.0610.
EUR/USD trades without direction in the sub-1.0700 region at the beginning of the week.
If sellers regain the upper hand, pair could slip back to the February low at 1.0612 (February 17) in the near term. The breach of this level could see a potential test of the 2023 low at 1.0481 (January 6) emerge on the horizon.
So far, the bearish sentiment is expected to persist as long as the 3-month resistance line, today near 1.0890, caps the upside.
In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0328.
EUR/USD daily chart
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0689 |
| Today Daily Change | -0.0006 |
| Today Daily Change % | -0.06 |
| Today daily open | 1.0695 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0797 |
| Daily SMA50 | 1.0725 |
| Daily SMA100 | 1.0412 |
| Daily SMA200 | 1.0329 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0698 |
| Previous Daily Low | 1.0613 |
| Previous Weekly High | 1.0805 |
| Previous Weekly Low | 1.0613 |
| Previous Monthly High | 1.093 |
| Previous Monthly Low | 1.0483 |
| Daily Fibonacci 38.2% | 1.0666 |
| Daily Fibonacci 61.8% | 1.0646 |
| Daily Pivot Point S1 | 1.0639 |
| Daily Pivot Point S2 | 1.0583 |
| Daily Pivot Point S3 | 1.0553 |
| Daily Pivot Point R1 | 1.0724 |
| Daily Pivot Point R2 | 1.0754 |
| Daily Pivot Point R3 | 1.081 |