EUR/USD Price Analysis: Further Losses Now Target 1.0775


  • EUR/USD loses further momentum and challenges 1.0800.
  • Extra declines look likely once 1.0800 is cleared.
  • EUR/USD retreats further and puts the 1.0800 support to the test on Tuesday.A drop below the latter should pave the way for a deeper retracement to, initially, the intermediate 100-day SMA at 1.0774 ahead of the 55-day SMA at 1.0684.So far, while above the significant 200-day SMA at 1.0819, the pair’s outlook should remain constructive.
     EUR/USD daily chart

    EUR/USD

    OVERVIEW Today last price 1.0812 Today Daily Change 46 Today Daily Change % -0.20 Today daily open 1.0834 TRENDS Daily SMA20 1.0852 Daily SMA50 1.0686 Daily SMA100 1.0779 Daily SMA200 1.082 LEVELS Previous Daily High 1.0895 Previous Daily Low 1.0804 Previous Weekly High 1.1017 Previous Weekly Low 1.0829 Previous Monthly High 1.1017 Previous Monthly Low 1.0517 Daily Fibonacci 38.2% 1.0839 Daily Fibonacci 61.8% 1.086 Daily Pivot Point S1 1.0794 Daily Pivot Point S2 1.0754 Daily Pivot Point S3 1.0703 Daily Pivot Point R1 1.0885 Daily Pivot Point R2 1.0935 Daily Pivot Point R3 1.0975

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