EUR/USD Technical Analysis: The 1.10 area keeps holding the downside

EUR/USD remains depressed near the 1.10 mark for yet another day.
A breach of 1.10 should put 1.0930 back on the radar.

Pablo Piovano FXStreet

EUR/USD remains in the area of 2-week lows around the key 1.10 handle.

Above the 55-day SMA at 1.1041 the downside pressure should alleviate and allow for a potential test of last week’s highs in 1.1095/1.1100 band.

If the pair clears 1.10, then the 1.0990 region should offer interim support ahead of the more relevant 1.0930 zone. If the selling impetus picks up pace, then a move to 2019 low at 1.0879 should not be ruled out.

EUR/USD

Overview
Today last price	1.1006
Today Daily Change	23
Today Daily Change %	-0.16
Today daily open	1.1024

Trends
Daily SMA20	1.1064
Daily SMA50	1.1042
Daily SMA100	1.1083
Daily SMA200	1.1171

Levels
Previous Daily High	1.1026
Previous Daily Low	1.1006
Previous Weekly High	1.1098
Previous Weekly Low	1.1014
Previous Monthly High	1.118
Previous Monthly Low	1.0879
Daily Fibonacci 38.2%	1.1018
Daily Fibonacci 61.8%	1.1014
Daily Pivot Point S1	1.1012
Daily Pivot Point S2	1.1
Daily Pivot Point S3	1.0993
Daily Pivot Point R1	1.1031
Daily Pivot Point R2	1.1038
Daily Pivot Point R3	1.105

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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