EUR/USD Price Analysis: Looks consolidative below 1.0900

EUR/USD keeps the side-line fashion below the 1.09 mark.
Interim resistance emerges at the 55-day SMA at 1.0950.

Pablo Piovano FXStreet

EUR/USD is fading part of the recent positive performance, although it manages well to keep business above the 1.0800 yardstick for the time being.

Further rangebound trading remains well on the cards for the time being, although the inability to probe or better clear the 55-day SMA at 1.0950 in the short-term horizon carries the potential to encourage sellers to return to the market on a more convincing fashion.

That said, the initial magnet to the downside sits at last week’s lows in the 1.0770/65 band ahead of April’s low at 1.0727 (April 24^th).

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.084
Today Daily Change	42
Today Daily Change %	0.00
Today daily open	1.084

Trends
Daily SMA20	1.0867
Daily SMA50	1.0955
Daily SMA100	1.0993
Daily SMA200	1.1029

Levels
Previous Daily High	1.0876
Previous Daily Low	1.0815
Previous Weekly High	1.0981
Previous Weekly Low	1.0767
Previous Monthly High	1.1039
Previous Monthly Low	1.0727
Daily Fibonacci 38.2%	1.0853
Daily Fibonacci 61.8%	1.0838
Daily Pivot Point S1	1.0811
Daily Pivot Point S2	1.0783
Daily Pivot Point S3	1.0751
Daily Pivot Point R1	1.0872
Daily Pivot Point R2	1.0904
Daily Pivot Point R3	1.0932

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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