EUR/USD Price Analysis: Selling bias persists near 1.1000

EUR/USD stays offered and printed new 2020 lows near 1.1015.
Next on the downside emerges the 1.10 mark.

Pablo Piovano FXStreet

The negative mood remains well and sound around EUR/USD at the beginning of the week. The recent breach of key levels (55-day, 100-day SMAs, support line) have opened the door to a deeper retracement in the near-term.

That said, the next relevant support emerges at the psychological mark at 1.10 the figure ahead of November 2019 lows around 1.0980.

The offered bias in the spot should remain unchanged below the 55-day SMA, today at 1.1089.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.102
Today Daily Change	22
Today Daily Change %	-0.07
Today daily open	1.1028

Trends
Daily SMA20	1.1133
Daily SMA50	1.1103
Daily SMA100	1.1073
Daily SMA200	1.1132

Levels
Previous Daily High	1.1062
Previous Daily Low	1.102
Previous Weekly High	1.1118
Previous Weekly Low	1.102
Previous Monthly High	1.124
Previous Monthly Low	1.1002
Daily Fibonacci 38.2%	1.1036
Daily Fibonacci 61.8%	1.1046
Daily Pivot Point S1	1.1011
Daily Pivot Point S2	1.0995
Daily Pivot Point S3	1.0969
Daily Pivot Point R1	1.1053
Daily Pivot Point R2	1.1079
Daily Pivot Point R3	1.1095

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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