EUR/USD Price Analysis: Further losses now target 1.0775

Pablo Piovano FXStreet

- 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 price	1.0812
Today Daily Change	46
Today Daily Change %	-0.20
Today daily open	1.0834

Trends
Daily SMA20	1.0852
Daily SMA50	1.0686
Daily SMA100	1.0779
Daily SMA200	1.082

Levels
Previous Daily High	1.0895
Previous Daily Low	1.0804
Previous Weekly High	1.1017
Previous Weekly Low	1.0829
Previous Monthly High	1.1017
Previous Monthly Low	1.0517
Daily Fibonacci 38.2%	1.0839
Daily Fibonacci 61.8%	1.086
Daily Pivot Point S1	1.0794
Daily Pivot Point S2	1.0754
Daily Pivot Point S3	1.0703
Daily Pivot Point R1	1.0885
Daily Pivot Point R2	1.0935
Daily Pivot Point R3	1.0975

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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