EUR/USD Technical Analysis: Spot is eroding the 55-day SMA near 1.1240

EUR/USD has come under some selling pressure and is now challenging the key 55-day SMA at 1.1243.
Further downside emerges monthly lows near 1.1193. Together with mid-June low at 1.1181 and March low at 1.1176 represent a tough area of contention, which should hold the downside in the near term.
While below the key 200-day SMA at 1.1321, the pair’s outlook should remain negative.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1243
Today Daily Change	27
Today Daily Change %	-0.13
Today daily open	1.1258

Trends
Daily SMA20	1.1289
Daily SMA50	1.1244
Daily SMA100	1.1255
Daily SMA200	1.1325

Levels
Previous Daily High	1.1286
Previous Daily Low	1.1253
Previous Weekly High	1.1286
Previous Weekly Low	1.1193
Previous Monthly High	1.1414
Previous Monthly Low	1.116
Daily Fibonacci 38.2%	1.1265
Daily Fibonacci 61.8%	1.1273
Daily Pivot Point S1	1.1246
Daily Pivot Point S2	1.1233
Daily Pivot Point S3	1.1214
Daily Pivot Point R1	1.1278
Daily Pivot Point R2	1.1298
Daily Pivot Point R3	1.1311

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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