EUR/USD Price Analysis: Extra weakness targets 1.1835

EUR/USD met support near the Fibo level around 1.1890.
Further down comes in the March 9 low at 1.1835.

Pablo Piovano FXStreet

EUR/US’s deep pullback met some contention just below 1.1900 the figure so far on Friday, clinching new 2-month lows.

The loss of the 200-day SMA (1.1991) does not bode well for spot and allows for the continuation of the leg lower. A deeper move could retest the March 9 low at 1.1835 ahead of the YTD lows in the 1.1700 neighbourhood (March 31).

On the broader view, the outlook for EUR/USD is forecast to remain on the negative side while below the 200-day SMA, today at 1.1991.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1916
Today Daily Change	39
Today Daily Change %	0.07
Today daily open	1.1908

Trends
Daily SMA20	1.216
Daily SMA50	1.2098
Daily SMA100	1.2038
Daily SMA200	1.1995

Levels
Previous Daily High	1.2006
Previous Daily Low	1.1892
Previous Weekly High	1.2218
Previous Weekly Low	1.2093
Previous Monthly High	1.2266
Previous Monthly Low	1.1986
Daily Fibonacci 38.2%	1.1936
Daily Fibonacci 61.8%	1.1963
Daily Pivot Point S1	1.1864
Daily Pivot Point S2	1.1821
Daily Pivot Point S3	1.175
Daily Pivot Point R1	1.1979
Daily Pivot Point R2	1.205
Daily Pivot Point R3	1.2094

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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