21 Nov 2018
EUR/USD Technical Analysis: Bearish ‘outside day’ prompts further retracement near term
- EUR/USD is coming up after meeting support in the 1.1360 region on Tuesday, just ahead of the key 10-day SMA.
- Yesterday’s bearish ‘outside day’ allows for a deeper pullback, which it should meet initial contention in the 1.1200 neighbourhood, or YTD lows, seen earlier in the month.
- On the upside, recent tops in the 1.1460 region emerge as the initial barrier ahead of monthly highs in the 1.1500 zone.
EUR/USD daily chart
EUR/USD
Overview:
Last Price: 1.14
Daily change: 31 pips
Daily change: 0.273%
Daily Open: 1.1369
Trends:
Daily SMA20: 1.1368
Daily SMA50: 1.1504
Daily SMA100: 1.1558
Daily SMA200: 1.1806
Levels:
Daily High: 1.1473
Daily Low: 1.1358
Weekly High: 1.142
Weekly Low: 1.1216
Monthly High: 1.1625
Monthly Low: 1.1302
Daily Fibonacci 38.2%: 1.1402
Daily Fibonacci 61.8%: 1.1429
Daily Pivot Point S1: 1.1327
Daily Pivot Point S2: 1.1284
Daily Pivot Point S3: 1.1211
Daily Pivot Point R1: 1.1442
Daily Pivot Point R2: 1.1515
Daily Pivot Point R3: 1.1558