EUR/USD Price Analysis: Stays bearish below the 200-day SMA

EUR/USD has rebounded after hitting lows near the 1.08 mark.
The April low at 1.0768 is seen as the next support of importance.

Pablo Piovano FXStreet

EUR/USD is prolonging the bounce off last week’s lows in the vicinity of the 1.0800 neighbourhood.

This area of support is reinforced by the Fibo retracement (of the 2017-2018 rally) at 1.0814. A breach of this area is expected to put the monthly low at 1.0768 (April 6th) back on the radar.

The negative stance on the pair is expected to remain unchanged below the 200-day SMA at 1.1050.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0882
Today Daily Change	55
Today Daily Change %	0.11
Today daily open	1.087

Trends
Daily SMA20	1.091
Daily SMA50	1.0961
Daily SMA100	1.1031
Daily SMA200	1.1053

Levels
Previous Daily High	1.0893
Previous Daily Low	1.0812
Previous Weekly High	1.0991
Previous Weekly Low	1.0812
Previous Monthly High	1.1497
Previous Monthly Low	1.0636
Daily Fibonacci 38.2%	1.0862
Daily Fibonacci 61.8%	1.0843
Daily Pivot Point S1	1.0824
Daily Pivot Point S2	1.0778
Daily Pivot Point S3	1.0743
Daily Pivot Point R1	1.0904
Daily Pivot Point R2	1.0939
Daily Pivot Point R3	1.0985

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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