EUR/USD Price Analysis: Interim support lines up at 1.1976

EUR/USD clinches new lows near 1.1980 on Wednesday.
Further south comes in the Fibo level at 1.1976.

Pablo Piovano FXStreet

EUR/USD alternates gains with losses around the psychological 1.2000 neighbourhood in the middle of the week.

The continuation of the leg lower is seen meeting the initial support at the Fibo level (of the November-January rally) at 1.1976 ahead of the more significant 200-day SMA at 1.1940.

Below the 200-day SMA (1.1937) the stance for EUR/USD is seen shifting to negative.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.2016
Today Daily Change	41
Today Daily Change %	0.02
Today daily open	1.2014

Trends
Daily SMA20	1.2011
Daily SMA50	1.1951
Daily SMA100	1.2053
Daily SMA200	1.1946

Levels
Previous Daily High	1.2066
Previous Daily Low	1.1999
Previous Weekly High	1.215
Previous Weekly Low	1.2017
Previous Monthly High	1.215
Previous Monthly Low	1.1713
Daily Fibonacci 38.2%	1.2025
Daily Fibonacci 61.8%	1.204
Daily Pivot Point S1	1.1987
Daily Pivot Point S2	1.1959
Daily Pivot Point S3	1.192
Daily Pivot Point R1	1.2054
Daily Pivot Point R2	1.2093
Daily Pivot Point R3	1.2121

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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