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6 Feb 2019
EUR/USD Technical Analysis: A probable test of the 200-week SMA is back on the cards
- The pair is prolonging the leg lower following last week’s tops beyond the 1.1500 handle.
- The loss of the 100-day SMA at 1.1436 has opened the door for a deeper retracement to, initially, the 55-day SMA at 1.1391.
- Further south emerges the critical 200-week SMA in the 1.1330 region. A break below this area should leave YTD lows in the 1.1290/85 band exposed.
EUR/USD daily chart
EUR/USD
Overview:
Today Last Price: 1.1386
Today Daily change: -0.0027 pips
Today Daily change %: -0.24%
Today Daily Open: 1.1413
Trends:
Daily SMA20: 1.1423
Daily SMA50: 1.1401
Daily SMA100: 1.1437
Daily SMA200: 1.1554
Levels:
Previous Daily High: 1.1453
Previous Daily Low: 1.1401
Previous Weekly High: 1.1516
Previous Weekly Low: 1.139
Previous Monthly High: 1.1586
Previous Monthly Low: 1.1289
Daily Fibonacci 38.2%: 1.1421
Daily Fibonacci 61.8%: 1.1433
Daily Pivot Point S1: 1.1392
Daily Pivot Point S2: 1.1371
Daily Pivot Point S3: 1.1341
Daily Pivot Point R1: 1.1443
Daily Pivot Point R2: 1.1473
Daily Pivot Point R3: 1.1494