EUR/USD Technical Analysis: Rallies appear capped by 1.0950. Further decline remains on the cards

Despite the rebound from Tuesday’s YTD low at 1.0879, occasional bullish attempts in EUR/USD are expected to lose momentum in the mid-1.0900s for the time being.
That said, a breach of the 1.0880 region should pave the way for a move lower to the May 2017 low at 1.0839.
On the broader scenario, while below the short-term resistance line, today at 1.1043, the negative outlook in the pair is seen unchanged.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0914
Today Daily Change	30
Today Daily Change %	-0.18
Today daily open	1.0934

Trends
Daily SMA20	1.1008
Daily SMA50	1.1072
Daily SMA100	1.1158
Daily SMA200	1.1238

Levels
Previous Daily High	1.0943
Previous Daily Low	1.0879
Previous Weekly High	1.1026
Previous Weekly Low	1.0905
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.0919
Daily Fibonacci 61.8%	1.0904
Daily Pivot Point S1	1.0895
Daily Pivot Point S2	1.0855
Daily Pivot Point S3	1.0831
Daily Pivot Point R1	1.0958
Daily Pivot Point R2	1.0983
Daily Pivot Point R3	1.1022

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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