EUR/USD Technical Analysis: a break below 1.10 remains well on the cards

EUR/USD briefly breached the 1.10 support to record fresh 4-week lows earlier in the day.
Spot needs to regain the 55-day SMA in the 1.1040 area on a sustainable fashion in order to reassert the upside pressure and therefore allow for attest of the 100-day SMA just above the 1.11 mark.
A clear of the 1.10 area on a convincing note should put the 1.0930 zone back on the radar.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1015
Today Daily Change	21
Today Daily Change %	0.04
Today daily open	1.1011

Trends
Daily SMA20	1.1101
Daily SMA50	1.1042
Daily SMA100	1.1108
Daily SMA200	1.1184

Levels
Previous Daily High	1.104
Previous Daily Low	1.1002
Previous Weekly High	1.1176
Previous Weekly Low	1.1016
Previous Monthly High	1.118
Previous Monthly Low	1.0879
Daily Fibonacci 38.2%	1.1017
Daily Fibonacci 61.8%	1.1025
Daily Pivot Point S1	1.0996
Daily Pivot Point S2	1.0981
Daily Pivot Point S3	1.0959
Daily Pivot Point R1	1.1033
Daily Pivot Point R2	1.1055
Daily Pivot Point R3	1.107

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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