EUR/USD Technical Analysis: Holding on above 1.1100 ahead of the ECB event

The pair has recorded fresh multi-week lows near 1.1120 in the wake of disappointing results from the German IFO for the month of July.
EUR/USD remains well under downside pressure after recently breaching the key contention area at 1.1181/76.
That said, a potential test to yearly lows in the boundaries of 1.1100 the figure stays well on the table in the short-term horizon.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.113
Today Daily Change	21
Today Daily Change %	-0.09
Today daily open	1.114

Trends
Daily SMA20	1.125
Daily SMA50	1.1243
Daily SMA100	1.1245
Daily SMA200	1.1313

Levels
Previous Daily High	1.1156
Previous Daily Low	1.1127
Previous Weekly High	1.1286
Previous Weekly Low	1.12
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1138
Daily Fibonacci 61.8%	1.1145
Daily Pivot Point S1	1.1126
Daily Pivot Point S2	1.1112
Daily Pivot Point S3	1.1097
Daily Pivot Point R1	1.1156
Daily Pivot Point R2	1.1171
Daily Pivot Point R3	1.1185

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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