EUR/USD Price Analysis: Extra losses could revisit 1.0909

EUR/USD extends the leg lower and retests the mid-1.0900s.
The weekly low near 1.0910 awaits in case losses pick up pace.

Pablo Piovano FXStreet

EUR/USD loses the grip and drops to multi-session lows near 1.0950 on turnaround Tuesday.

The continuation of the corrective retracement should not be ruled out in the very near term. That said, the next support of note emerges at the weekly low at 1.0909 (April 17) ahead of another weekly low at 1.0831 (April 10).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0420.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0949
Today Daily Change	58
Today Daily Change %	-0.23
Today daily open	1.0974

Trends
Daily SMA20	1.0969
Daily SMA50	1.0805
Daily SMA100	1.0766
Daily SMA200	1.0417

Levels
Previous Daily High	1.1036
Previous Daily Low	1.0964
Previous Weekly High	1.1095
Previous Weekly Low	1.0962
Previous Monthly High	1.1095
Previous Monthly Low	1.0788
Daily Fibonacci 38.2%	1.0992
Daily Fibonacci 61.8%	1.1008
Daily Pivot Point S1	1.0947
Daily Pivot Point S2	1.092
Daily Pivot Point S3	1.0876
Daily Pivot Point R1	1.1018
Daily Pivot Point R2	1.1062
Daily Pivot Point R3	1.1089

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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