EUR/USD Price Analysis: Further decline remains on the table

EUR/USD comes under pressure following Friday’s tops.
Extra weakness could prompt the pair to drop to 1.0450.

Pablo Piovano FXStreet

EUR/USD revisits the 1.0520 region following renewed downside pressure and following Friday’s climb to as high as the 1.0600 region.

In case bulls regain the initiative, the pair should initially retarget the minor barrier at 1.0617 (September 29) ahead of the weekly peak of 1.0767 (September 12). On the flip side, if bears regain the upper hand, the pair could slip back to the area of yearly lows around 1.0450 (October 3).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA, today at 1.0823.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0547
Today Daily Change	55
Today Daily Change %	-0.38
Today daily open	1.0587

Trends
Daily SMA20	1.0613
Daily SMA50	1.0771
Daily SMA100	1.0843
Daily SMA200	1.0825

Levels
Previous Daily High	1.06
Previous Daily Low	1.0482
Previous Weekly High	1.06
Previous Weekly Low	1.0448
Previous Monthly High	1.0882
Previous Monthly Low	1.0488
Daily Fibonacci 38.2%	1.0555
Daily Fibonacci 61.8%	1.0527
Daily Pivot Point S1	1.0513
Daily Pivot Point S2	1.0439
Daily Pivot Point S3	1.0395
Daily Pivot Point R1	1.063
Daily Pivot Point R2	1.0674
Daily Pivot Point R3	1.0748

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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