EUR/USD Price Analysis: Minor support emerges near 1.0840

EUR/USD reverses part of the recent weakness and regains 1.0900.
So far, there is decent contention around 1.0840.

Pablo Piovano FXStreet

EUR/USD starts the week on the positive foot and reclaims the area beyond 1.0900 the figure on Monday.

The inability of the pair to regain the area of recent peaks around 1.1010 (June 22) could motivate sellers to return to the market and open the door to a potential revisit to recent weekly lows near 1.0840 (June 23).

The loss of the latter should face the next support of note around the round level of 1.0800, which also appears reinforced by the 100-day SMA (1.0809).

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0568.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0919
Today Daily Change	33
Today Daily Change %	0.23
Today daily open	1.0894

Trends
Daily SMA20	1.0809
Daily SMA50	1.0876
Daily SMA100	1.0809
Daily SMA200	1.0565

Levels
Previous Daily High	1.096
Previous Daily Low	1.0844
Previous Weekly High	1.1012
Previous Weekly Low	1.0844
Previous Monthly High	1.1092
Previous Monthly Low	1.0635
Daily Fibonacci 38.2%	1.0888
Daily Fibonacci 61.8%	1.0916
Daily Pivot Point S1	1.0839
Daily Pivot Point S2	1.0784
Daily Pivot Point S3	1.0724
Daily Pivot Point R1	1.0954
Daily Pivot Point R2	1.1014
Daily Pivot Point R3	1.1069

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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