EUR/USD Price Analysis: There is a solid support around 1.0100

EUR/USD corrects sharply lower and retests 1.0190/85.
The lower bound of the range emerges around 1.0100.

Pablo Piovano FXStreet

EUR/USD accelerates the losses and drops below the key 1.0200 support on Monday.

Further correction carries the potential to revisit the lower end of the recent range in the 1.0100 neighbourhood, although a sustained break below this level looks not favoured for the time being.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0887.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0195
Today Daily Change	83
Today Daily Change %	-0.63
Today daily open	1.026

Trends
Daily SMA20	1.0212
Daily SMA50	1.0329
Daily SMA100	1.0525
Daily SMA200	1.0896

Levels
Previous Daily High	1.0328
Previous Daily Low	1.0238
Previous Weekly High	1.0369
Previous Weekly Low	1.0159
Previous Monthly High	1.0486
Previous Monthly Low	0.9952
Daily Fibonacci 38.2%	1.0272
Daily Fibonacci 61.8%	1.0293
Daily Pivot Point S1	1.0223
Daily Pivot Point S2	1.0186
Daily Pivot Point S3	1.0134
Daily Pivot Point R1	1.0313
Daily Pivot Point R2	1.0365
Daily Pivot Point R3	1.0402

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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