29 Oct 2018
EUR/USD Technical Analysis: Outlook remains bearish. There is still scope for a visit to 1.1299
- The pair has managed to regain 1.1400 the figure and beyond, although political concerns in Germany and Italy are poised to keep the European currency under pressure.
- The initial target on the downside is now last Friday’s low at 1.1331, ahead of the critical 200-week SMA, today at 1.1316. This is considered the last defense for a test of YTD low at 1.1299 seen in mid-August.
- On the upside, interim hurdle emerges at the 10-day SMA at 1.1456 ahead of the critical 1.1500 neighbourhood, where coincide the 21-day SMA and May/June lows.
EUR/USD daily chart
EUR/USD
Overview:
Last Price: 1.1415
Daily change: -1.2e+2 pips
Daily change: -1.01%
Daily Open: 1.1531
Trends:
Daily SMA20: 1.1571
Daily SMA50: 1.1584
Daily SMA100: 1.1623
Daily SMA200: 1.1909
Levels:
Daily High: 1.154
Daily Low: 1.1531
Weekly High: 1.1551
Weekly Low: 1.1336
Monthly High: 1.1816
Monthly Low: 1.1526
Daily Fibonacci 38.2%: 1.1496
Daily Fibonacci 61.8%: 1.1472
Daily Pivot Point S1: 1.1453
Daily Pivot Point S2: 1.1392
Daily Pivot Point S3: 1.1351
Daily Pivot Point R1: 1.1555
Daily Pivot Point R2: 1.1596
Daily Pivot Point R3: 1.1657