EUR/USD Price Analysis: The decline now looks to the 55-day SMA

EUR/USD remains under pressure and approaches the 200-day SMA.
Further south emerges the 55-day SMA in the 1.1060 area.

Pablo Piovano FXStreet

EUR/USD remains well on the defensive so far this week and is now trading at shouting distance from the critical 200-day SMA in the 1.1100 zone.

Another break below this level should accelerate losses to the 55-day SMA in the 1.1055/60 band.

Looking at the broader picture, the outlook on the spot stays bullish while above the 55-day SMA, today at 1.1057.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1155
Today Daily Change	82
Today Daily Change %	-0.27
Today daily open	1.1185

Trends
Daily SMA20	1.1037
Daily SMA50	1.1047
Daily SMA100	1.1069
Daily SMA200	1.1102

Levels
Previous Daily High	1.1334
Previous Daily Low	1.1056
Previous Weekly High	1.1355
Previous Weekly Low	1.1027
Previous Monthly High	1.1089
Previous Monthly Low	1.0778
Daily Fibonacci 38.2%	1.1162
Daily Fibonacci 61.8%	1.1227
Daily Pivot Point S1	1.1049
Daily Pivot Point S2	1.0913
Daily Pivot Point S3	1.0771
Daily Pivot Point R1	1.1327
Daily Pivot Point R2	1.147
Daily Pivot Point R3	1.1606

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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