EUR/USD Price Analysis: A drop to 1.0833 remains in store

EUR/USD prints new lows near 1.0840 on Friday.
Further weakness could revisit the 1.0830 region.

Pablo Piovano FXStreet

EUR/USD maintains the multi-session bearish move well in place at the end of the week.

A deeper pullback now targets the July low of 1.0833 (July 6). The loss of this region leaves the pair vulnerable to a probable test of the critical 200-day SMA at 1.0790 in the short-term horizon.

In the meantime, the pair’s positive outlook remains unchanged while above the 200-day SMA.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0864
Today Daily Change	49
Today Daily Change %	-0.07
Today daily open	1.0872

Trends
Daily SMA20	1.0981
Daily SMA50	1.0975
Daily SMA100	1.0931
Daily SMA200	1.0789

Levels
Previous Daily High	1.0918
Previous Daily Low	1.0856
Previous Weekly High	1.1065
Previous Weekly Low	1.0929
Previous Monthly High	1.1276
Previous Monthly Low	1.0834
Daily Fibonacci 38.2%	1.088
Daily Fibonacci 61.8%	1.0895
Daily Pivot Point S1	1.0846
Daily Pivot Point S2	1.0821
Daily Pivot Point S3	1.0785
Daily Pivot Point R1	1.0908
Daily Pivot Point R2	1.0944
Daily Pivot Point R3	1.097

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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