EUR/USD Technical Analysis: Initial target emerges at recent tops and the 21-day SMA in the 1.1080/85 area

EUR/USD met strong resistance in the 1.1080 region, where is located the 21-day SMA, triggering a correction lower to the 1.1040 area.
Further sideline trading is expected ahead of US Payrolls later in the day amidst the recent unclear price action.
Looking at the broader picture, the negative view is seen unchanged while below the 55-day SMA at 1.1172 and the area of recent tops in the 1.1160/65 band.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1034
Today Daily Change	22
Today Daily Change %	0.00
Today daily open	1.1034

Trends
Daily SMA20	1.1087
Daily SMA50	1.116
Daily SMA100	1.1193
Daily SMA200	1.1271

Levels
Previous Daily High	1.1085
Previous Daily Low	1.1017
Previous Weekly High	0
Previous Weekly Low	0
Previous Monthly High	1.1251
Previous Monthly Low	1.0962
Daily Fibonacci 38.2%	1.1043
Daily Fibonacci 61.8%	1.1059
Daily Pivot Point S1	1.1006
Daily Pivot Point S2	1.0977
Daily Pivot Point S3	1.0938
Daily Pivot Point R1	1.1074
Daily Pivot Point R2	1.1113
Daily Pivot Point R3	1.1142

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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