EUR/USD Price Analysis: The focus shifted to the 1.0814 levelby 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
|Today last price||1.0839|
|Today Daily Change||23|
|Today Daily Change %||-0.02|
|Today daily open||1.0841|
|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|