EUR/USD Price Analysis: Remains under downside pressure below 1.0370/80

EUR/USD comes under pressure once again near 1.0150.
The 1.0370/80 band caps the upside for the time being.

Pablo Piovano FXStreet

EUR/USD returns to the lower end of the weekly range near 1.0150 and fades at the same time Tuesday’s shy advance.

While below the 1.0370/80 band, a region where the August high and the 6-month resistance line converge, the pair is expected to remain under downside pressure. That said, the lower end of the recent range in the 1.0100 zone should hold the downside ahead of a potential challenge of the psychological parity level.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0873.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0163
Today Daily Change	41
Today Daily Change %	-0.08
Today daily open	1.0171

Trends
Daily SMA20	1.021
Daily SMA50	1.0307
Daily SMA100	1.0507
Daily SMA200	1.0882

Levels
Previous Daily High	1.0195
Previous Daily Low	1.0123
Previous Weekly High	1.0369
Previous Weekly Low	1.0159
Previous Monthly High	1.0486
Previous Monthly Low	0.9952
Daily Fibonacci 38.2%	1.0167
Daily Fibonacci 61.8%	1.015
Daily Pivot Point S1	1.0131
Daily Pivot Point S2	1.0091
Daily Pivot Point S3	1.0059
Daily Pivot Point R1	1.0203
Daily Pivot Point R2	1.0235
Daily Pivot Point R3	1.0276

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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