EUR/USD Price Analysis: A breach of 1.0830 still appears in store

EUR/USD keeps the inconclusive price action around 1.0900.
Initial contention area emerges at recent lows near 1.0830.

Pablo Piovano FXStreet

EUR/USD trades in a vacillating fashion and with the upside so far limited by the 1.0900 zone on Friday.

The inability of the pair to regain a convincing upside traction, ideally in the very near term, could motivate sellers to force the pair to revisit recent lows near 1.0830 ahead of the interim support at the 100-day SMA at 1.0826.

Down from here, there are no support levels of significance until the May low of 1.0635 (May 31), which appears also underpinned by the key 200-day SMA, today at 1.0618.

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

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0888
Today Daily Change	33
Today Daily Change %	0.00
Today daily open	1.0888

Trends
Daily SMA20	1.0889
Daily SMA50	1.086
Daily SMA100	1.0826
Daily SMA200	1.0615

Levels
Previous Daily High	1.0901
Previous Daily Low	1.0834
Previous Weekly High	1.0977
Previous Weekly Low	1.0835
Previous Monthly High	1.1012
Previous Monthly Low	1.0662
Daily Fibonacci 38.2%	1.0875
Daily Fibonacci 61.8%	1.0859
Daily Pivot Point S1	1.0847
Daily Pivot Point S2	1.0807
Daily Pivot Point S3	1.078
Daily Pivot Point R1	1.0914
Daily Pivot Point R2	1.0941
Daily Pivot Point R3	1.0981

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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