EUR/USD Technical Analysis: Further losses are likely while capped by the 200-day SMA at 1.1332

The pair is prolonging the sideline trade in the 1.1280/70 region so far today.
As long as the key 200-day SMA, today at 1.1232, caps the upside, further losses to, initially, 1.1181, should remain well on the cards.
On the opposite side, a surpass of the 1.1330/40 band should alleviate downside pressure and allow EUR/USD to refocus on monthly peaks near 1.1420.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1274
Today Daily Change	17
Today Daily Change %	-0.09
Today daily open	1.1284

Trends
Daily SMA20	1.1303
Daily SMA50	1.1237
Daily SMA100	1.1261
Daily SMA200	1.1335

Levels
Previous Daily High	1.1296
Previous Daily Low	1.1273
Previous Weekly High	1.1414
Previous Weekly Low	1.1344
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1288
Daily Fibonacci 61.8%	1.1282
Daily Pivot Point S1	1.1272
Daily Pivot Point S2	1.1261
Daily Pivot Point S3	1.1249
Daily Pivot Point R1	1.1296
Daily Pivot Point R2	1.1308
Daily Pivot Point R3	1.1319

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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