EUR/USD Price Analysis: Not out of the woods yet

EUR/USD bounces off 3-week lows near 1.0940 on Friday.
A deeper pullback could see the 1.0900 region revisited.

Pablo Piovano FXStreet

EUR/USD manages well to rebound from earlier 3-week lows in the 1.0945/40 band and reclaim the area just beyond 1.1000 the figure at the end of the week.

Considering the recent price action, extra weakness should not be discarded. Once the weekly low of 1.0943 (July 28) is cleared, further losses could extend to the transitory 55-day and 100-day SMAs just above the 1.0900 mark.

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0718.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1011
Today Daily Change	75
Today Daily Change %	0.30
Today daily open	1.0978

Trends
Daily SMA20	1.1055
Daily SMA50	1.091
Daily SMA100	1.0901
Daily SMA200	1.0714

Levels
Previous Daily High	1.115
Previous Daily Low	1.0966
Previous Weekly High	1.1276
Previous Weekly Low	1.1108
Previous Monthly High	1.1012
Previous Monthly Low	1.0662
Daily Fibonacci 38.2%	1.1036
Daily Fibonacci 61.8%	1.1079
Daily Pivot Point S1	1.0913
Daily Pivot Point S2	1.0847
Daily Pivot Point S3	1.0729
Daily Pivot Point R1	1.1097
Daily Pivot Point R2	1.1215
Daily Pivot Point R3	1.1281

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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