EUR/USD Technical Analysis: Further downside should test the 100-day SMA at 1.1259

EUR/USD extended the recent breakdown of the 200-day/week SMA in the mid-1.1300s and dropped to multi-day lows in the vicinity of 1.1270.
Further retracements are now on the table and could test the 100-day SMA in the 1.1260 region ahead of the 55-day SMA at 1.1231.
On the other hand, and If spot manages to resume the upside, the next hurdle emerges near 1.1420, or last week’s highs, ahead of the more relevant 1.1450, or March tops.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1296
Today Daily Change	24
Today Daily Change %	0.09
Today daily open	1.1286

Trends
Daily SMA20	1.1298
Daily SMA50	1.123
Daily SMA100	1.1262
Daily SMA200	1.1341

Levels
Previous Daily High	1.1373
Previous Daily Low	1.1281
Previous Weekly High	1.1414
Previous Weekly Low	1.1344
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1316
Daily Fibonacci 61.8%	1.1338
Daily Pivot Point S1	1.1254
Daily Pivot Point S2	1.1222
Daily Pivot Point S3	1.1162
Daily Pivot Point R1	1.1345
Daily Pivot Point R2	1.1405
Daily Pivot Point R3	1.1437

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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