EUR/USD remains under pressure and deflates to weekly lows in the 1.0570/65 band on Wednesday. If losses accelerate, then the pair could drop to the w
EUR/USD adds to Tuesday’s decline and retreats to 1.0570. The immediate contention lines up around the 1.0500 zone. eekly low of 1.0495 prior to the 2023 low of 1.0448 . The loss of the later could put a probable visit to the round level of 1.0400 back on the radar in the not-so-distant future. In the meantime, while below the 200-day SMA at 1.0815, the pair’s outlook should remain negative. EUR/USD daily chart EUR/USD Overview Today last price 1.
17 Today daily open 1.059 Trends Daily SMA20 1.0558 Daily SMA50 1.0678 Daily SMA100 1.0824 Daily SMA200 1.0818 Levels Previous Daily High 1.0695 Previous Daily Low 1.0583 Previous Weekly High 1.0617 Previous Weekly Low 1.0511 Previous Monthly High 1.0882 Previous Monthly Low 1.0488 Daily Fibonacci 38.2% 1.0626 Daily Fibonacci 61.8% 1.0652 Daily Pivot Point S1 1.0551 Daily Pivot Point S2 1.0511 Daily Pivot Point S3 1.0439 Daily Pivot Point R1 1.0662 Daily Pivot Point R2 1.
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