The Euro is set to close in the red for the ninth consecutive week, trading into four-month lows just north of the 1.0650 handle. Friday saw some bullish recovery for the Euro before broader US Dollar flows sent the pair back towards the day’s opening prices.
Daily candlesticks have drifted below the 200-day Simple Moving Average (SMA), and bidders will be keeping an eye on the 14-day Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) histogram indicators, both of which are flashing oversold conditions.
The 34-day Exponential Moving Average (EMA) is poised to confirm a bearish cross of the 200-day SMA just below 1.0850, and a series of lower highs sees the EUR/USD using the bearish-leaning 34-EMA as descending resistance further down the charts.
EUR/USD technical levels
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0659 |
| Today Daily Change | 0.0016 |
| Today Daily Change % | 0.15 |
| Today daily open | 1.0643 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0792 |
| Daily SMA50 | 1.0937 |
| Daily SMA100 | 1.0898 |
| Daily SMA200 | 1.0828 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0752 |
| Previous Daily Low | 1.0632 |
| Previous Weekly High | 1.0809 |
| Previous Weekly Low | 1.0686 |
| Previous Monthly High | 1.1065 |
| Previous Monthly Low | 1.0766 |
| Daily Fibonacci 38.2% | 1.0678 |
| Daily Fibonacci 61.8% | 1.0706 |
| Daily Pivot Point S1 | 1.0599 |
| Daily Pivot Point S2 | 1.0555 |
| Daily Pivot Point S3 | 1.0479 |
| Daily Pivot Point R1 | 1.072 |
| Daily Pivot Point R2 | 1.0796 |
| Daily Pivot Point R3 | 1.084 |