EUR/USD Price Analysis: Rising bets for a move to 1.0830

EUR/USD accelerates the decline and drops to 1.0890.
The following contention area appears around 1.0830.

Pablo Piovano FXStreet

The pessimism around EUR/USD gathers further traction in the second half of the week and drags the pair back to the 1.0890 region, or multi-week lows, on Friday.

If bears remain in control, spot could initially revisit the interim 55-day SMA at 1.0847 ahead of the weekly low at 1.0831 (April 10).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0451.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0904
Today Daily Change	43
Today Daily Change %	-0.11
Today daily open	1.0916

Trends
Daily SMA20	1.0992
Daily SMA50	1.0867
Daily SMA100	1.0797
Daily SMA200	1.0449

Levels
Previous Daily High	1.0998
Previous Daily Low	1.09
Previous Weekly High	1.1092
Previous Weekly Low	1.0942
Previous Monthly High	1.1095
Previous Monthly Low	1.0788
Daily Fibonacci 38.2%	1.0938
Daily Fibonacci 61.8%	1.0961
Daily Pivot Point S1	1.0878
Daily Pivot Point S2	1.084
Daily Pivot Point S3	1.078
Daily Pivot Point R1	1.0976
Daily Pivot Point R2	1.1036
Daily Pivot Point R3	1.1074

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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