EUR/USD Price Analysis: Another test of 1.1000 looms closer

Pablo Piovano FXStreet

EUR/USD remains under pressure and drops to 1.1025.
Further losses could see the 1.1000 key level revisited.

EUR/USD remains well offered and navigates the lower end of the weekly range near the 1.1020 zone on Tuesday.

In light of the recent price action, further losses area expected to accelerate and could motivate the pair to revisit the psychological support at 1.1000 the figure. The loss of the latter exposes a deeper correction to the interim 55-day and 100-day SMAs at 1.0899 and 1.0889, respectively.

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0699.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.104
Today Daily Change	61
Today Daily Change %	-0.23
Today daily open	1.1065

Trends
Daily SMA20	1.1037
Daily SMA50	1.0898
Daily SMA100	1.0886
Daily SMA200	1.0695

Levels
Previous Daily High	1.1147
Previous Daily Low	1.106
Previous Weekly High	1.1276
Previous Weekly Low	1.1108
Previous Monthly High	1.1012
Previous Monthly Low	1.0662
Daily Fibonacci 38.2%	1.1093
Daily Fibonacci 61.8%	1.1114
Daily Pivot Point S1	1.1034
Daily Pivot Point S2	1.1004
Daily Pivot Point S3	1.0948
Daily Pivot Point R1	1.1121
Daily Pivot Point R2	1.1178
Daily Pivot Point R3	1.1208

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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