EUR/USD Price Analysis: Rising odds for a visit to 1.0635

Rising selling bias puts the EUR/USD under extra pressure.
Further decline could see the YTD low at 1.0635 revisited.

Pablo Piovano FXStreet

EUR/USD remains under pressure in the 1.0800 region at the beginning of the week, although the February low at 1.0777 appears to be holding well for the time being.

A breach of this area on a firm fashion is expected to open the door to a move to the 2020 low at 1.0635 ahead of the April 2017 low at 1.0569.

The selling pressure is expected to mitigate, initially, above the 200-day SMA (1.1068) ahead of recent tops in the mid-1.1100s.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0803
Today Daily Change	52
Today Daily Change %	-0.03
Today daily open	1.0806

Trends
Daily SMA20	1.1002
Daily SMA50	1.0987
Daily SMA100	1.1045
Daily SMA200	1.1071

Levels
Previous Daily High	1.0865
Previous Daily Low	1.0773
Previous Weekly High	1.1144
Previous Weekly Low	1.0773
Previous Monthly High	1.1497
Previous Monthly Low	1.0636
Daily Fibonacci 38.2%	1.0808
Daily Fibonacci 61.8%	1.083
Daily Pivot Point S1	1.0764
Daily Pivot Point S2	1.0722
Daily Pivot Point S3	1.0672
Daily Pivot Point R1	1.0857
Daily Pivot Point R2	1.0907
Daily Pivot Point R3	1.0949

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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