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EUR/USD Price Analysis: Further losses now target 1.0775

- EUR/USD loses further momentum and challenges 1.0800.

- Extra declines look likely once 1.0800 is cleared.

EUR/USD retreats further and puts the 1.0800 support to the test on Tuesday.

A drop below the latter should pave the way for a deeper retracement to, initially, the intermediate 100-day SMA at 1.0774 ahead of the 55-day SMA at 1.0684.

So far, while above the significant 200-day SMA at 1.0819, the pair’s outlook should remain constructive.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0812
Today Daily Change46
Today Daily Change %-0.20
Today daily open1.0834
 
Trends
Daily SMA201.0852
Daily SMA501.0686
Daily SMA1001.0779
Daily SMA2001.082
 
Levels
Previous Daily High1.0895
Previous Daily Low1.0804
Previous Weekly High1.1017
Previous Weekly Low1.0829
Previous Monthly High1.1017
Previous Monthly Low1.0517
Daily Fibonacci 38.2%1.0839
Daily Fibonacci 61.8%1.086
Daily Pivot Point S11.0794
Daily Pivot Point S21.0754
Daily Pivot Point S31.0703
Daily Pivot Point R11.0885
Daily Pivot Point R21.0935
Daily Pivot Point R31.0975

Author

Pablo Piovano

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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