EUR/USD Price Analysis: Probable move to 1.1695

EUR/USD comes under pressure following 2020 highs near 1.1920.
Further downside is seen visiting recent lows in the sub-1.17 area.

Pablo Piovano FXStreet

EUR/USD is fading part of the recent move up to record fresh peaks in the 1.1915/20 band, levels last traded in May 2018.

Extra losses in EUR/USD are likely in the short-term horizon on the back of the current overbought conditions and the bearish divergence in the daily RSI, as the recent top was not confirmed by the indicator. That said, a drop to weekly lows just below 1.17 should not be ruled out.

In the longer run, as long as the 200-day SMA, today at 1.1104, holds the downside, further gains in EUR/USD remains well on the table.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1821
Today Daily Change	74
Today Daily Change %	-0.48
Today daily open	1.1878

Trends
Daily SMA20	1.1613
Daily SMA50	1.1399
Daily SMA100	1.1144
Daily SMA200	1.1103

Levels
Previous Daily High	1.1916
Previous Daily Low	1.1818
Previous Weekly High	1.1909
Previous Weekly Low	1.1642
Previous Monthly High	1.1909
Previous Monthly Low	1.1185
Daily Fibonacci 38.2%	1.1879
Daily Fibonacci 61.8%	1.1856
Daily Pivot Point S1	1.1825
Daily Pivot Point S2	1.1772
Daily Pivot Point S3	1.1726
Daily Pivot Point R1	1.1923
Daily Pivot Point R2	1.1969
Daily Pivot Point R3	1.2022

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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