EUR/USD Price Analysis: Attention shifts to 2020 low at 1.0635

EUR/USD extends the downside to the sub-1.0800 area.
Extra losses should see the YTD low at 1.0635 retested in the near term.

Pablo Piovano FXStreet

EUR/USD is accelerating the decline following the recent breakdown of the key support at the 1.1000 neighbourhood, and the 1.0990 region, where coincide the 55-day SMA and the January’s low.

Immediately to the downside emerges the February low at 1.0777. If cleared, then a visit to the 2020 low at 1.0635 should return to the investors’ radar.

The selling pressure is expected to mitigate above the 200-day SMA and recent tops in the mid-1.1100s.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0794
Today Daily Change	81
Today Daily Change %	-0.58
Today daily open	1.0857

Trends
Daily SMA20	1.1027
Daily SMA50	1.0991
Daily SMA100	1.1047
Daily SMA200	1.1074

Levels
Previous Daily High	1.0968
Previous Daily Low	1.0821
Previous Weekly High	1.1147
Previous Weekly Low	1.0636
Previous Monthly High	1.1497
Previous Monthly Low	1.0636
Daily Fibonacci 38.2%	1.0877
Daily Fibonacci 61.8%	1.0912
Daily Pivot Point S1	1.0796
Daily Pivot Point S2	1.0734
Daily Pivot Point S3	1.0648
Daily Pivot Point R1	1.0943
Daily Pivot Point R2	1.103
Daily Pivot Point R3	1.1091

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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