EUR/USD Price Analysis: A drop to the 200-day SMA is not ruled out
by Pablo Piovano · FXStreetShare:
- EUR/USD continues to lose momentum below 1.0900.
- Extra decline could revisit the key 200-day SMA near 1.0820.
EUR/USD weakens further and extends the recent breakdown of the key 1.0900 support on Friday.
The continuation of the downtrend could retest a minor support at the weekly low of 1.0852 (November 27). The loss of this level could put a potential test of the critical 200-day SMA, today at 1.0817, back on the radar sooner rather than later.
So far, while above the significant 200-day SMA, the pair’s outlook should remain constructive.
EUR/USD daily chart
EUR/USD
| Overview | |
|---|---|
| Today last price | 1.0865 |
| Today Daily Change | 50 |
| Today Daily Change % | -0.18 |
| Today daily open | 1.0885 |
| Trends | |
|---|---|
| Daily SMA20 | 1.0839 |
| Daily SMA50 | 1.0677 |
| Daily SMA100 | 1.0787 |
| Daily SMA200 | 1.0817 |
| Levels | |
|---|---|
| Previous Daily High | 1.0984 |
| Previous Daily Low | 1.0879 |
| Previous Weekly High | 1.0965 |
| Previous Weekly Low | 1.0852 |
| Previous Monthly High | 1.1017 |
| Previous Monthly Low | 1.0517 |
| Daily Fibonacci 38.2% | 1.0919 |
| Daily Fibonacci 61.8% | 1.0944 |
| Daily Pivot Point S1 | 1.0848 |
| Daily Pivot Point S2 | 1.0811 |
| Daily Pivot Point S3 | 1.0744 |
| Daily Pivot Point R1 | 1.0953 |
| Daily Pivot Point R2 | 1.1021 |
| Daily Pivot Point R3 | 1.1058 |
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