EUR/USD Price Analysis: Recovery eyes the 1.0990 region

EUR/USD has finally managed to reverse the multi-session decline.
Immediately to the upside now emerges the 1.0990 barrier.

Pablo Piovano FXStreet

EUR/USD met support in the sub-1.0800 region, where some buying interest appears to have finally turned up.

If the ongoing recovery manages to gather extra steam, then the next hurdle of relevance is located at late-January lows in the 1.0990/95 band.

Above the 200-day SMA, today at 1.1066, the selling pressure is expected to alleviate somewhat.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0884
Today Daily Change	110
Today Daily Change %	0.84
Today daily open	1.0793

Trends
Daily SMA20	1.0969
Daily SMA50	1.0982
Daily SMA100	1.1042
Daily SMA200	1.1069

Levels
Previous Daily High	1.0836
Previous Daily Low	1.0768
Previous Weekly High	1.1144
Previous Weekly Low	1.0773
Previous Monthly High	1.1497
Previous Monthly Low	1.0636
Daily Fibonacci 38.2%	1.0794
Daily Fibonacci 61.8%	1.081
Daily Pivot Point S1	1.0762
Daily Pivot Point S2	1.0732
Daily Pivot Point S3	1.0695
Daily Pivot Point R1	1.0829
Daily Pivot Point R2	1.0866
Daily Pivot Point R3	1.0896

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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