EUR/USD Price Analysis: Focus remains intact on 1.0990

EUR/USD met some selling pressure near 1.0970 on Monday.
Immediately to the upside now emerges the 1.0990 barrier.

Pablo Piovano FXStreet

EUR/USD failed to extend the recovery further north of the 1.0970 area at the beginning of the week.

If the recovery picks up more serious traction, then the next hurdle of relevance is located at late-January lows in the 1.0990/95 band.

Above the 200-day SMA, today at 1.1059, the selling pressure is expected to alleviate and could allow for a visit to recent tops near 1.1150.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0914
Today Daily Change	64
Today Daily Change %	-0.21
Today daily open	1.0937

Trends
Daily SMA20	1.0908
Daily SMA50	1.0972
Daily SMA100	1.1036
Daily SMA200	1.1062

Levels
Previous Daily High	1.0952
Previous Daily Low	1.092
Previous Weekly High	1.0952
Previous Weekly Low	1.0768
Previous Monthly High	1.1497
Previous Monthly Low	1.0636
Daily Fibonacci 38.2%	1.094
Daily Fibonacci 61.8%	1.0932
Daily Pivot Point S1	1.0921
Daily Pivot Point S2	1.0904
Daily Pivot Point S3	1.0888
Daily Pivot Point R1	1.0953
Daily Pivot Point R2	1.0968
Daily Pivot Point R3	1.0985

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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