EUR/USD Technical Analysis: The outlook remains bearish below the resistance line at 1.1067

EUR/USD has picked up further downside pressure on Monday in response to another wave of disappointing PMI results in the euro area.
Today’s breakdown of the key support at 1.1000 the figure should open the door for extra weakness to the 2019 low at 1.0926 in the near term.
Looking at the broader picture, while below the 3-month resistance line, today at 1.1067, the negative view is expected to remain unchanged.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0982
Today Daily Change	59
Today Daily Change %	-0.33
Today daily open	1.1018

Trends
Daily SMA20	1.1039
Daily SMA50	1.111
Daily SMA100	1.1176
Daily SMA200	1.1253

Levels
Previous Daily High	1.1068
Previous Daily Low	1.0996
Previous Weekly High	1.1084
Previous Weekly Low	1.099
Previous Monthly High	1.1251
Previous Monthly Low	1.0962
Daily Fibonacci 38.2%	1.1024
Daily Fibonacci 61.8%	1.104
Daily Pivot Point S1	1.0987
Daily Pivot Point S2	1.0956
Daily Pivot Point S3	1.0916
Daily Pivot Point R1	1.1059
Daily Pivot Point R2	1.1099
Daily Pivot Point R3	1.113

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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