EUR/USD Technical Analysis: Euro challenges the 2019 low during the ECB press conference
EUR/USD daily chart
- EUR/USD is trading in a bear trend below the 50, 100 and 200-day simple moving averages (SMAs).
- The European Central Bank (ECB) left its key interest rate unchanged.
- As the ECB press conference unfolds, EUR/USD tested the 2019 low.
EUR/USD 4-hour chart
- EUR/USD is trading below its main SMAs as the market tested the 2019 low.
EUR/USD 30-minute chart
- Although bears brought the market to the 2019 low, bulls are already back bringing the market above 1.1350.
- EUR/USD is set to remain sideways as the SMAs are coiled together. However, it wouldn’t be surprising to see bulls marching towards 1.1380, 1.1430 and 1.1470 levels in the coming sessions.
Additional key levels
EUR/USD
Overview:
Today Last Price: 1.1365
Today Daily change: -17 pips
Today Daily change %: -0.15%
Today Daily Open: 1.1382
Trends:
Daily SMA20: 1.1426
Daily SMA50: 1.1391
Daily SMA100: 1.1456
Daily SMA200: 1.1589
Levels:
Previous Daily High: 1.1396
Previous Daily Low: 1.1351
Previous Weekly High: 1.1491
Previous Weekly Low: 1.1353
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Daily Fibonacci 38.2%: 1.1378
Daily Fibonacci 61.8%: 1.1368
Daily Pivot Point S1: 1.1357
Daily Pivot Point S2: 1.1331
Daily Pivot Point S3: 1.1312
Daily Pivot Point R1: 1.1402
Daily Pivot Point R2: 1.1421
Daily Pivot Point R3: 1.1447