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EUR/USD Price Analysis: Decent contention lies near 1.0100

  • EUR/USD drops further and revisits the 1.0120 area.
  • Extra losses should meet solid support around 1.0100.

EUR/USD challenges the August lows in the vicinity of 1.0120 on turnaround Tuesday.

While further correction appears likely in the short-term horizon, the lower end of the recent range in the 1.0100 zone should offer decent support prior to a potential challenge of the psychological parity level.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0880.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0144
Today Daily Change47
Today Daily Change %-0.18
Today daily open1.0162
 
Trends
Daily SMA201.0213
Daily SMA501.0318
Daily SMA1001.0516
Daily SMA2001.0889
 
Levels
Previous Daily High1.0268
Previous Daily Low1.0155
Previous Weekly High1.0369
Previous Weekly Low1.0159
Previous Monthly High1.0486
Previous Monthly Low0.9952
Daily Fibonacci 38.2%1.0198
Daily Fibonacci 61.8%1.0225
Daily Pivot Point S11.0122
Daily Pivot Point S21.0081
Daily Pivot Point S31.0008
Daily Pivot Point R11.0236
Daily Pivot Point R21.0309
Daily Pivot Point R31.0349

Author

Pablo Piovano

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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