EUR/USD Technical Analysis: Scope for some consolidation ahead of further losses

The upside momentum in EUR/USD remains so far capped by the 21-day SMA in the 1.10 neighbourhood.
The inability of the pair to quickly break above last week’s tops around 1.10 carries the potential to spark a consolidative move ahead of the likely resumption of the selling sentiment.
In addition, while below the 3-month resistance line, today at 1.1029, the bearish view is expected to remain unchanged.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0967
Today Daily Change	29
Today Daily Change %	-0.10
Today daily open	1.0978

Trends
Daily SMA20	1.0999
Daily SMA50	1.1062
Daily SMA100	1.1152
Daily SMA200	1.1232

Levels
Previous Daily High	1.1
Previous Daily Low	1.0957
Previous Weekly High	1.1
Previous Weekly Low	1.0879
Previous Monthly High	1.111
Previous Monthly Low	1.0885
Daily Fibonacci 38.2%	1.0984
Daily Fibonacci 61.8%	1.0974
Daily Pivot Point S1	1.0957
Daily Pivot Point S2	1.0935
Daily Pivot Point S3	1.0914
Daily Pivot Point R1	1.0999
Daily Pivot Point R2	1.1021
Daily Pivot Point R3	1.1042

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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