5 Oct 2018
EUR/USD Technical Analysis: Remains under pressure and targets 1.1450.
- The pair has resumed the downside today, returning to the 1.1500 neighbourhood as cautiousness prevails in the global markets in light of the US Non-farm Payrolls.
- EUR/USD stays supported near term by the 1.1460/50 band, where converge this week’s lows and the 50% Fibo retracement of the 2017-2018 rally at 1.1449.
- A move further south should put the 200-week SMA, today at 1.1331, back on the horizon. This is regarded as the last defence of the 2018 low at 1.1299 (August 15).
- On the weekly chart, spot has broken below the base of the cloud, supporting the idea that further pullbacks are in the pipeline.
EUR/USD weekly chart
EUR/USD
Overview:
Last Price: 1.1493
Daily change: -21 pips
Daily change: -0.182%
Daily Open: 1.1514
Trends:
Daily SMA20: 1.1643
Daily SMA50: 1.1599
Daily SMA100: 1.1641
Daily SMA200: 1.1934
Levels:
Daily High: 1.1543
Daily Low: 1.1464
Weekly High: 1.1816
Weekly Low: 1.157
Monthly High: 1.1816
Monthly Low: 1.1526
Daily Fibonacci 38.2%: 1.1513
Daily Fibonacci 61.8%: 1.1494
Daily Pivot Point S1: 1.1471
Daily Pivot Point S2: 1.1428
Daily Pivot Point S3: 1.1391
Daily Pivot Point R1: 1.1551
Daily Pivot Point R2: 1.1587
Daily Pivot Point R3: 1.163