EUR/USD Price Analysis: Initial support emerges at 1.0820

Pablo Piovano FXStreet

- EUR/USD gives away further ground and retests 1.0820.

- The loss of the 200-day SMA should spark extra declines.

EUR/USD retreats for the fourth session in a row and puts the key 200-day SMA to the test on Monday.

A drop below the latter should pave the way for a deeper pullback to, initially, the intermediate 100-day SMA at 1.0778 and the 55-day SMA at 1.0681.

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

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0832
Today Daily Change	75
Today Daily Change %	-0.44
Today daily open	1.088

Trends
Daily SMA20	1.0846
Daily SMA50	1.0681
Daily SMA100	1.0783
Daily SMA200	1.0819

Levels
Previous Daily High	1.0913
Previous Daily Low	1.0829
Previous Weekly High	1.1017
Previous Weekly Low	1.0829
Previous Monthly High	1.1017
Previous Monthly Low	1.0517
Daily Fibonacci 38.2%	1.0861
Daily Fibonacci 61.8%	1.0881
Daily Pivot Point S1	1.0835
Daily Pivot Point S2	1.079
Daily Pivot Point S3	1.075
Daily Pivot Point R1	1.0919
Daily Pivot Point R2	1.0958
Daily Pivot Point R3	1.1003

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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