EUR/USD Price Analysis: The focus shifted to the 1.0814 level
by Pablo Piovano- EUR/USD remains under pressure around 1.0840.
- Further downside exposes the Fibo retracement at 1.0814.
The sell-off in EUR/USD seems to have met some (lasting?) contention in the 1.0830/25 band, or new 2020 lows recorded during early trade.
The increasing selling bias has now opened the door to a potential visit to 1.0814, the 78.6% Fibo retracement of the 2017-2018 rally.
In the meantime, while below the 55-day SMA, today ay 1.1072, further downside should remain well on the table.
EUR/USD daily chart
EUR/USD
| Overview | |
|---|---|
| Today last price | 1.0839 |
| Today Daily Change | 23 |
| Today Daily Change % | -0.02 |
| Today daily open | 1.0841 |
| Trends | |
|---|---|
| Daily SMA20 | 1.101 |
| Daily SMA50 | 1.1084 |
| Daily SMA100 | 1.1067 |
| Daily SMA200 | 1.1117 |
| Levels | |
|---|---|
| Previous Daily High | 1.0889 |
| Previous Daily Low | 1.0834 |
| Previous Weekly High | 1.1089 |
| Previous Weekly Low | 1.0942 |
| Previous Monthly High | 1.1225 |
| Previous Monthly Low | 1.0992 |
| Daily Fibonacci 38.2% | 1.0855 |
| Daily Fibonacci 61.8% | 1.0868 |
| Daily Pivot Point S1 | 1.0821 |
| Daily Pivot Point S2 | 1.08 |
| Daily Pivot Point S3 | 1.0766 |
| Daily Pivot Point R1 | 1.0875 |
| Daily Pivot Point R2 | 1.091 |
| Daily Pivot Point R3 | 1.093 |