EUR/USD Price Analysis: Negative view remains unchanged

EUR/USD’s bullish attempt runs out of gas near 1.0220.
Further retracements look likely in the near term.

Pablo Piovano FXStreet

EUR/USD climbs as high as the 1.0220 region, although the move lacks follow through.

The pair’s bearish stance stays everything but abated for the time being. Against that, there is a minor support level at 1.0060 (low December 11 2002) prior to a test of the key parity area.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.1078.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.019
Today Daily Change	52
Today Daily Change %	0.07
Today daily open	1.0183

Trends
Daily SMA20	1.0474
Daily SMA50	1.0552
Daily SMA100	1.077
Daily SMA200	1.1087

Levels
Previous Daily High	1.0277
Previous Daily Low	1.0162
Previous Weekly High	1.0615
Previous Weekly Low	1.0366
Previous Monthly High	1.0774
Previous Monthly Low	1.0359
Daily Fibonacci 38.2%	1.0206
Daily Fibonacci 61.8%	1.0233
Daily Pivot Point S1	1.0138
Daily Pivot Point S2	1.0092
Daily Pivot Point S3	1.0022
Daily Pivot Point R1	1.0253
Daily Pivot Point R2	1.0322
Daily Pivot Point R3	1.0368

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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