EUR/USD Price Analysis: Further downside likely below 1.1830

EUR/USD reverses Monday’s uptick, back below 1.1800. more retracement might reach monthly lows close to 1.1750. EUR/USD unsuccessful yet again to surpass the key barrier within the 1.1800 neighbourhood, returning underneath revived draw back pressure afterwards. Spot, in the meantime, flirts with the 2020-2021 line in the 1.1790/85 band. A property break below this zone would be a vital pessimistic event and carries the potential to accelerate losses. Initial support comes in at the Fibo level at 1.1764 followed by monthly lows around 1.1750 and so the YTD low in the 1.1700 neighbourhood (March 31). more out, the near-term outlook for EUR/USD is seen on the negative facet whereas below the key 200-day SMA, these days at 1.2003. EUR/USD daily chart EUR/USD summary these days last value 1.1778 these days Daily amendment forty two these days Daily amendment percent -0.22 these days daily open 1.1804 TRENDS Daily SMA20 1.1824 Daily SMA50 1.1993 Daily SMA100 1.1976 Daily SMA200 1.2007 LEVELS Previous Daily High 1.1817 Previous Daily Low 1.1764 Previous Weekly High 1.183 Previous Weekly Low 1.1752 Previous Monthly High 1.2254 Previous Monthly Low 1.1845 Daily Fibonacci 38.2% 1.1797 Daily Fibonacci 61.8% 1.1784 Daily Pivot purpose S1 1.1772 Daily Pivot purpose S2 1.1741 Daily Pivot purpose S3 1.1718 Daily Pivot purpose R1 1.1826 Daily Pivot purpose R2 1.1849 Daily Pivot purpose R3 1.188

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