EUR/USD Price Analysis: Losses to gather traction below 1.1350

EUR/USD navigates the area of 2021 lows near 1.1360.
A drop below 1.1350 opens the door to a deeper pullback.

Pablo Piovano FXStreet

EUR/USD remains under heavy pressure and keeps navigating the area of the recent YTD low near 1.1350.

The continuation of the downtrend appears favoured in the short-term horizon. That said, the 2008-2021 line emerges as a critical support around 1.1350. A break below this area in a convincing fashion exposes a retracement to, initially, July 2020 low at 1.1185 ahead of 1.11688 (low June 19 2020).

In the meantime, extra losses remain on the cards as long as the pair trades below the immediate resistance line (off September’s high) today near 1.1620. In the longer run, the negative outlook persists while below the 200-day SMA, today at 1.1869.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1367
Today Daily Change	34
Today Daily Change %	0.06
Today daily open	1.136

Trends
Daily SMA20	1.1572
Daily SMA50	1.1636
Daily SMA100	1.172
Daily SMA200	1.1875

Levels
Previous Daily High	1.1464
Previous Daily Low	1.1356
Previous Weekly High	1.1609
Previous Weekly Low	1.1433
Previous Monthly High	1.1692
Previous Monthly Low	1.1524
Daily Fibonacci 38.2%	1.1398
Daily Fibonacci 61.8%	1.1423
Daily Pivot Point S1	1.1323
Daily Pivot Point S2	1.1286
Daily Pivot Point S3	1.1215
Daily Pivot Point R1	1.1431
Daily Pivot Point R2	1.1501
Daily Pivot Point R3	1.1538

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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