EUR/USD Price Analysis: The focus shifted to the 1.0814 level


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 price1.0839
Today Daily Change23
Today Daily Change %-0.02
Today daily open1.0841


Daily SMA201.101
Daily SMA501.1084
Daily SMA1001.1067
Daily SMA2001.1117


Previous Daily High1.0889
Previous Daily Low1.0834
Previous Weekly High1.1089
Previous Weekly Low1.0942
Previous Monthly High1.1225
Previous Monthly Low1.0992
Daily Fibonacci 38.2%1.0855
Daily Fibonacci 61.8%1.0868
Daily Pivot Point S11.0821
Daily Pivot Point S21.08
Daily Pivot Point S31.0766
Daily Pivot Point R11.0875
Daily Pivot Point R21.091
Daily Pivot Point R31.093