EUR/USD Technical Analysis: Rising odds for a test of 2019 low at 1.0926

The leg lower in EUR/USD has gathered traction in past hours following awful prints from European PMIs.
The down move to the 1.0970 region has opened the door for a potential new visit to YTD lows in the proximity of 1.0920 (September 3^rd).
Occasional bullish attempts should meet the initial hurdle of relevance at the short-term resistance line, today at 1.1071. Further up emerge the low-1.1100s, where coincide the 55-day SMA and monthly highs.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0989
Today Daily Change	14
Today Daily Change %	-0.05
Today daily open	1.0994

Trends
Daily SMA20	1.1033
Daily SMA50	1.1105
Daily SMA100	1.1174
Daily SMA200	1.1252

Levels
Previous Daily High	1.1026
Previous Daily Low	1.0966
Previous Weekly High	1.1084
Previous Weekly Low	1.099
Previous Monthly High	1.1251
Previous Monthly Low	1.0962
Daily Fibonacci 38.2%	1.0989
Daily Fibonacci 61.8%	1.1003
Daily Pivot Point S1	1.0965
Daily Pivot Point S2	1.0936
Daily Pivot Point S3	1.0906
Daily Pivot Point R1	1.1024
Daily Pivot Point R2	1.1054
Daily Pivot Point R3	1.1083

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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