EUR/USD Price Analysis: A breach of 1.0800 appears in store

EUR/USD loses further ground and trades closer to 1.0800.
The loss of this level exposes a move to April low at 1.0788.

Pablo Piovano FXStreet

EUR/USD maintains the bearish price action and slips back to the vicinity of the 1.0800 neighbourhood on Wednesday.

The 1.0800 area appears supported by the temporary 100-day Simple Moving Average (SMA) at 1.0804 and the loss of this level could trigger a deeper drop to, initially, the April 3 low at 1.0788. Further south emerges the March 15 bottom of 1.0516.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0460.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0824
Today Daily Change	60
Today Daily Change %	-0.35
Today daily open	1.0862

Trends
Daily SMA20	1.0977
Daily SMA50	1.0881
Daily SMA100	1.0804
Daily SMA200	1.0459

Levels
Previous Daily High	1.0904
Previous Daily Low	1.0855
Previous Weekly High	1.1054
Previous Weekly Low	1.0848
Previous Monthly High	1.1095
Previous Monthly Low	1.0788
Daily Fibonacci 38.2%	1.0874
Daily Fibonacci 61.8%	1.0886
Daily Pivot Point S1	1.0843
Daily Pivot Point S2	1.0824
Daily Pivot Point S3	1.0794
Daily Pivot Point R1	1.0893
Daily Pivot Point R2	1.0923
Daily Pivot Point R3	1.0942

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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