EUR/USD Price Analysis: Focus now shifted to 1.1170

EUR/USD keeps correcting lower following weekly tops near 1.1350.
Further south aligns last week’s lows in the 1.1165/70 band.

Pablo Piovano FXStreet

EUR/USD is down for the second session in a row in the second half of the week, accelerating the move from earlier tops in the mid-1.1300s.

If the selling impetus accelerates, then the recent low (and interim support) at 1.1168 should emerge on the horizon ahead of the critical 200-day SMA at 1.1030.

As long as the 200-day SMA at 1.1030 holds the downside, further gains in the pair are well on the table.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1224
Today Daily Change	45
Today Daily Change %	-0.24
Today daily open	1.1251

Trends
Daily SMA20	1.1247
Daily SMA50	1.1022
Daily SMA100	1.0994
Daily SMA200	1.1033

Levels
Previous Daily High	1.1326
Previous Daily Low	1.1248
Previous Weekly High	1.1353
Previous Weekly Low	1.1168
Previous Monthly High	1.1145
Previous Monthly Low	1.0767
Daily Fibonacci 38.2%	1.1278
Daily Fibonacci 61.8%	1.1296
Daily Pivot Point S1	1.1224
Daily Pivot Point S2	1.1198
Daily Pivot Point S3	1.1147
Daily Pivot Point R1	1.1302
Daily Pivot Point R2	1.1353
Daily Pivot Point R3	1.1379

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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