EUR/USD Price Analysis: Still room for extra losses

EUR/USD makes a U-turn and regains the 1.0800 zone.
Further decline could revisit the August low near 1.0760

Pablo Piovano FXStreet

EUR/USD manages to pick up some traction and reclaims the area above 1.0800 the figure at the beginning of the week.

The sharp retracement seen in the latter part of last week seems to have shifted the attention to the downside. Against that, the next contention area aligns at the August low of 1.0765 (August 25) prior to the May low of 1.0635 (May 31).

In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0817.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0804
Today Daily Change	37
Today Daily Change %	0.26
Today daily open	1.0776

Trends
Daily SMA20	1.0888
Daily SMA50	1.0968
Daily SMA100	1.0922
Daily SMA200	1.0816

Levels
Previous Daily High	1.0882
Previous Daily Low	1.0772
Previous Weekly High	1.0946
Previous Weekly Low	1.0772
Previous Monthly High	1.1065
Previous Monthly Low	1.0766
Daily Fibonacci 38.2%	1.0814
Daily Fibonacci 61.8%	1.084
Daily Pivot Point S1	1.0738
Daily Pivot Point S2	1.07
Daily Pivot Point S3	1.0629
Daily Pivot Point R1	1.0848
Daily Pivot Point R2	1.092
Daily Pivot Point R3	1.0958

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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