EUR/USD Price Analysis: Decent contention lies near 1.0100

EUR/USD drops further and revisits the 1.0120 area.
Extra losses should meet solid support around 1.0100.

Pablo Piovano FXStreet

EUR/USD challenges the August lows in the vicinity of 1.0120 on turnaround Tuesday.

While further correction appears likely in the short-term horizon, the lower end of the recent range in the 1.0100 zone should offer decent support prior to a potential challenge of the psychological parity level.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0880.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0144
Today Daily Change	47
Today Daily Change %	-0.18
Today daily open	1.0162

Trends
Daily SMA20	1.0213
Daily SMA50	1.0318
Daily SMA100	1.0516
Daily SMA200	1.0889

Levels
Previous Daily High	1.0268
Previous Daily Low	1.0155
Previous Weekly High	1.0369
Previous Weekly Low	1.0159
Previous Monthly High	1.0486
Previous Monthly Low	0.9952
Daily Fibonacci 38.2%	1.0198
Daily Fibonacci 61.8%	1.0225
Daily Pivot Point S1	1.0122
Daily Pivot Point S2	1.0081
Daily Pivot Point S3	1.0008
Daily Pivot Point R1	1.0236
Daily Pivot Point R2	1.0309
Daily Pivot Point R3	1.0349

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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