EUR/USD Price Analysis: Outlook remains negative below the 200-day SMA

EUR/USD’s recovery briefly surpasses the key 1.0700 threshold on Tuesday.
Next on the upside comes 1.0767 ahead of 1.0828.

Pablo Piovano FXStreet

EUR/USD trades in a volatile fashion and looks to consolidate a breakout of the 1.0700 hurdle on Tuesday.

If the rebound gathers extra steam, the pair should face a minor hurdle at the weekly high of 1.0767 (September 12) prior to the critical 200-day SMA at 1.0828.

While below the key 200-day SMA, the pair is likely to face extra weakness.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.069
Today Daily Change	42
Today Daily Change %	-0.02
Today daily open	1.0692

Trends
Daily SMA20	1.0771
Daily SMA50	1.0924
Daily SMA100	1.0892
Daily SMA200	1.0829

Levels
Previous Daily High	1.0699
Previous Daily Low	1.0655
Previous Weekly High	1.0769
Previous Weekly Low	1.0632
Previous Monthly High	1.1065
Previous Monthly Low	1.0766
Daily Fibonacci 38.2%	1.0682
Daily Fibonacci 61.8%	1.0672
Daily Pivot Point S1	1.0665
Daily Pivot Point S2	1.0638
Daily Pivot Point S3	1.0621
Daily Pivot Point R1	1.0709
Daily Pivot Point R2	1.0726
Daily Pivot Point R3	1.0753

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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