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EUR/USD Technical Analysis: Further consolidation appears likely near term

  • The pair is looking to consolidate in the lower bound of the weekly range around the 1.1400 handle against the backdrop of marginal volatility.
  • Therefore, the idea of further consolidation remains well on the cards. That said, EUR/USD stays supported by the 55-day SMA in the 1.1380 area while gains remain capped by the low-1.1400s for the time being.
  • In this scenario, a move lower to test YTD lows in the 1.1300 neighbourhood cannot be ruled out.

EUR/USD daily chart


    Today Last Price: 1.1395
    Today Daily change: 3 pips
    Today Daily change %: 0.0351%
    Today Daily Open: 1.1391
    Daily SMA20: 1.1429
    Daily SMA50: 1.1385
    Daily SMA100: 1.1465
    Daily SMA200: 1.1609
    Previous Daily High: 1.1406
    Previous Daily Low: 1.137
    Previous Weekly High: 1.1571
    Previous Weekly Low: 1.1396
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Daily Fibonacci 38.2%: 1.1384
    Daily Fibonacci 61.8%: 1.1393
    Daily Pivot Point S1: 1.1372
    Daily Pivot Point S2: 1.1353
    Daily Pivot Point S3: 1.1336
    Daily Pivot Point R1: 1.1409
    Daily Pivot Point R2: 1.1426
    Daily Pivot Point R3: 1.1445


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