EUR/USD Price Analysis: On its way to 1.1090?

EUR/USD continues to fade the recent move to the 1.1170 zone.
The 55-day SMA in the 1.1090 area now emerges on the radar.

Pablo Piovano FXStreet

EUR/USD is facing extra selling pressure on Friday after hitting fresh weekly peaks in the 1.1170/75 band on Thursday.

If the selling pressure gathers impulse, then a potential move to the key 55-day SMA in the 1.1090 area should start gathering consensus.

The bullish view is seen unaltered as long as the 55-day SMA at 1.1094 underpins.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.112
Today Daily Change	25
Today Daily Change %	-0.16
Today daily open	1.1138

Trends
Daily SMA20	1.1142
Daily SMA50	1.1097
Daily SMA100	1.1068
Daily SMA200	1.1138

Levels
Previous Daily High	1.1174
Previous Daily Low	1.1128
Previous Weekly High	1.1208
Previous Weekly Low	1.1085
Previous Monthly High	1.124
Previous Monthly Low	1.1002
Daily Fibonacci 38.2%	1.1145
Daily Fibonacci 61.8%	1.1156
Daily Pivot Point S1	1.1119
Daily Pivot Point S2	1.1101
Daily Pivot Point S3	1.1074
Daily Pivot Point R1	1.1165
Daily Pivot Point R2	1.1192
Daily Pivot Point R3	1.1211

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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