EUR/USD Price Analysis: Parity at the end of the tunnel?

EUR/USD clinches new lows in the sub-1.0200 area.
The pair enters oversold territory and could spark a bounce.

Pablo Piovano FXStreet

EUR/USD loses further ground and drops to nearly 2-decade lows in the 1.0170 region on Monday.

The sell-off in the pair stays everything but abated midweek amidst an increasing negative outlook. Against that, there is a minor support level at 1.0060 (low December 11 2002). The breakdown of the latter should herald a visit to 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 1.1085.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0187
Today Daily Change	110
Today Daily Change %	-0.82
Today daily open	1.0271

Trends
Daily SMA20	1.0501
Daily SMA50	1.0559
Daily SMA100	1.0782
Daily SMA200	1.1094

Levels
Previous Daily High	1.0449
Previous Daily Low	1.0235
Previous Weekly High	1.0615
Previous Weekly Low	1.0366
Previous Monthly High	1.0774
Previous Monthly Low	1.0359
Daily Fibonacci 38.2%	1.0317
Daily Fibonacci 61.8%	1.0367
Daily Pivot Point S1	1.0188
Daily Pivot Point S2	1.0105
Daily Pivot Point S3	0.9974
Daily Pivot Point R1	1.0402
Daily Pivot Point R2	1.0532
Daily Pivot Point R3	1.0615

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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