EUR/USD Price Analysis: Further losses to 1.1700 stay on the table

EUR/USD attempts a rebound from recent lows around 1.1750.
Next on the downside comes the 1.1700 zone.

Pablo Piovano FXStreet

EUR/USD trims part of the intense selloff recorded on Thursday and regains the 1.1785/90 band on Friday.

The very near-term outlook for the pair remains fragile in spite of the ongoing rebound. That said, the next support emerges at the 1.1700 region, where sits the March lows. From here, there are no significant levels until the 2021 low at 1.1663 recorded on August 20.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.1989.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1777
Today Daily Change	29
Today Daily Change %	0.10
Today daily open	1.1765

Trends
Daily SMA20	1.1804
Daily SMA50	1.1799
Daily SMA100	1.193
Daily SMA200	1.1993

Levels
Previous Daily High	1.1821
Previous Daily Low	1.175
Previous Weekly High	1.1886
Previous Weekly Low	1.1802
Previous Monthly High	1.19
Previous Monthly Low	1.1664
Daily Fibonacci 38.2%	1.1777
Daily Fibonacci 61.8%	1.1794
Daily Pivot Point S1	1.1737
Daily Pivot Point S2	1.1708
Daily Pivot Point S3	1.1666
Daily Pivot Point R1	1.1807
Daily Pivot Point R2	1.1849
Daily Pivot Point R3	1.1877

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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