EUR/USD Price Analysis: Further decline in the pipeline

EUR/USD bounces off Tuesday’s YTD low near 1.1520.
Further south comes the round level at 1.1500.

Pablo Piovano FXStreet

EUR/USD reverses two consecutive daily pullbacks, including new 2021 lows in the proximity of the 1.1520 level.

Prospects for the continuation of the downtrend remains well in place, and a break below 1.1524 is expected to put a visit to the 1.1500 neighbourhood back on the radar in the relatively short-term horizon.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side below the key 200-day SMA, today at 1.1935.

EUR/USD daily chart

EUR/JPY

Overview
Today last price	131.2
Today Daily Change	41
Today Daily Change %	0.15
Today daily open	131.01

Trends
Daily SMA20	129.34
Daily SMA50	129.45
Daily SMA100	130.52
Daily SMA200	129.85

Levels
Previous Daily High	131.28
Previous Daily Low	130.74
Previous Weekly High	129.92
Previous Weekly Low	128.34
Previous Monthly High	130.74
Previous Monthly Low	127.93
Daily Fibonacci 38.2%	131.07
Daily Fibonacci 61.8%	130.95
Daily Pivot Point S1	130.74
Daily Pivot Point S2	130.48
Daily Pivot Point S3	130.21
Daily Pivot Point R1	131.27
Daily Pivot Point R2	131.54
Daily Pivot Point R3	131.8

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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