EUR/USD Price Analysis: The 200-day SMA holds the downside… for now

EUR/USD resumes the downtrend and re-visits the 1.0810 area.
Firm contention remains at the 200-day SMA at 1.0800.

Pablo Piovano FXStreet

EUR/USD quickly forgets Wednesday’s uptick and resumes the downtrend with the immediate target at recent lows near 1.0800 the figure.

This area of recent lows appears so far propped up by the critical 200-day SMA, while the loss of the latter could prompt a potential test of the May low of 1.0635 (May 31) to re-emerge on the horizon.

A drop below the 200-day SMA should keep extra losses in store for the time being.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0835
Today Daily Change	62
Today Daily Change %	-0.27
Today daily open	1.0864

Trends
Daily SMA20	1.0939
Daily SMA50	1.0982
Daily SMA100	1.093
Daily SMA200	1.0799

Levels
Previous Daily High	1.0872
Previous Daily Low	1.0802
Previous Weekly High	1.096
Previous Weekly Low	1.0845
Previous Monthly High	1.1276
Previous Monthly Low	1.0834
Daily Fibonacci 38.2%	1.0845
Daily Fibonacci 61.8%	1.0829
Daily Pivot Point S1	1.0821
Daily Pivot Point S2	1.0777
Daily Pivot Point S3	1.0752
Daily Pivot Point R1	1.089
Daily Pivot Point R2	1.0915
Daily Pivot Point R3	1.0959

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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