EUR/USD Price Analysis: Looks capped by 1.0885/1.0900

EUR/USD remains under pressure in the 1.0800 neighbourhood.
Interim hurdle emerges at the resistance line at 1.0885.

Pablo Piovano FXStreet

EUR/USD is prolonging the consolidative note in the lower end of the monthly range at the beginning of this week.

While further consolidation looks likely in the very near-term, a move lower to test monthly lows in the 1.0770/65 band remains well on the table in the short-term horizon.

On the upside, occasional bullish attempt should meet an interim barrier at the short-term resistance line at 1.0885 ahead of last week’s tops in levels just shy of 1.0900 the figure.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0814
Today Daily Change	29
Today Daily Change %	-0.06
Today daily open	1.0821

Trends
Daily SMA20	1.0846
Daily SMA50	1.0918
Daily SMA100	1.0978
Daily SMA200	1.102

Levels
Previous Daily High	1.0851
Previous Daily Low	1.0789
Previous Weekly High	1.0897
Previous Weekly Low	1.0775
Previous Monthly High	1.1039
Previous Monthly Low	1.0727
Daily Fibonacci 38.2%	1.0827
Daily Fibonacci 61.8%	1.0813
Daily Pivot Point S1	1.0789
Daily Pivot Point S2	1.0758
Daily Pivot Point S3	1.0727
Daily Pivot Point R1	1.0852
Daily Pivot Point R2	1.0882
Daily Pivot Point R3	1.0914

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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