EUR/USD Price Analysis: Extra losses exposes a visit to 1.1066/39

EUR/USD is prolonging the move lower on Tuesday.
The 100-day SMA/support line at 1.1066 emerges as the next target.

Pablo Piovano FXStreet

EUR/USD has managed to regain some buying interest after bottoming out in the 1.1080/75 band at the beginning of the week.

The selling pressure has accelerated following the breach of the key 55-day SMA in the 1.1090 region. If the downside pressure gathers pace, then the 100-day SMA at 1.1066 should return to the radar. This area of contention is also reinforced by the 3-month support line.

The bearish view remains unchanged while below the 55-day SMA.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.109
Today Daily Change	14
Today Daily Change %	-0.07
Today daily open	1.1098

Trends
Daily SMA20	1.1143
Daily SMA50	1.11
Daily SMA100	1.1071
Daily SMA200	1.1136

Levels
Previous Daily High	1.1102
Previous Daily Low	1.1077
Previous Weekly High	1.1173
Previous Weekly Low	1.1086
Previous Monthly High	1.124
Previous Monthly Low	1.1002
Daily Fibonacci 38.2%	1.1092
Daily Fibonacci 61.8%	1.1087
Daily Pivot Point S1	1.1083
Daily Pivot Point S2	1.1067
Daily Pivot Point S3	1.1058
Daily Pivot Point R1	1.1108
Daily Pivot Point R2	1.1117
Daily Pivot Point R3	1.1133

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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