EUR/USD Technical Analysis: Downside pressure targets the 1.1070 region

EUR/USD continues to correct lower after another failed attempt to break above the critical resistance area around 1.1180.
Further selling pressure should meet initial contention around recent lows in the 1.1070 area ahead of the key 55-day SMA, today 1.1044.
A break above the 1.1180 area should put the critical 200-day SMA just below 1.1200 the figure back on the investors’ radar in the near term horizon.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1124
Today Daily Change	28
Today Daily Change %	-0.04
Today daily open	1.1128

Trends
Daily SMA20	1.1091
Daily SMA50	1.1041
Daily SMA100	1.1124
Daily SMA200	1.1196

Levels
Previous Daily High	1.1176
Previous Daily Low	1.1124
Previous Weekly High	1.1063
Previous Weekly Low	1.0941
Previous Monthly High	1.118
Previous Monthly Low	1.0879
Daily Fibonacci 38.2%	1.1144
Daily Fibonacci 61.8%	1.1157
Daily Pivot Point S1	1.111
Daily Pivot Point S2	1.1091
Daily Pivot Point S3	1.1058
Daily Pivot Point R1	1.1162
Daily Pivot Point R2	1.1195
Daily Pivot Point R3	1.1214

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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