EUR/USD Price Analysis: Further losses appear in the pipeline

EUR/USD can’t sustain the move above the 1.0800 mark.
Extra losses could drag the pair to the 1.0760 region.

Pablo Piovano FXStreet

EUR/USD fades the initial bullish attempt to the area above 1.0800 the figure on Tuesday.

In case bears regain the upper hand, the pair could slip back to the August low of 1.0765 (August 25). South from here emerges the May low of 1.0635 (May 31) ahead of the 2023 low of 1.0481 (January 6).

A drop below the 200-day SMA, today at 1.0807, should keep extra pullbacks in store for the time being.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0784
Today Daily Change	56
Today Daily Change %	-0.32
Today daily open	1.0819

Trends
Daily SMA20	1.091
Daily SMA50	1.0975
Daily SMA100	1.0927
Daily SMA200	1.0806

Levels
Previous Daily High	1.0822
Previous Daily Low	1.0794
Previous Weekly High	1.093
Previous Weekly Low	1.0766
Previous Monthly High	1.1276
Previous Monthly Low	1.0834
Daily Fibonacci 38.2%	1.0811
Daily Fibonacci 61.8%	1.0805
Daily Pivot Point S1	1.0801
Daily Pivot Point S2	1.0783
Daily Pivot Point S3	1.0772
Daily Pivot Point R1	1.083
Daily Pivot Point R2	1.084
Daily Pivot Point R3	1.0859

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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