EUR/USD Technical Analysis: A test to 1.1000 and possibly below still persists

EUR/USD is now attempting a rebound to levels above the key barrier at 1.11 the figure on the back of the current tariffs-led dip in the greenback.
The immediate hurdle aligns at 1.1101 (previous YTD low) ahead of the more relevant 1.1130 area, where sits the 10-day SMA.
However, while below the key 55-day SMA at 1.1229, the downside bias should remain unchanged and allow for another visit to new 2019 lows in the vicinity of 1.1020.
Further downside thus remains on the cards with the next target of significance at 1.0839 (2017 lows recorded on May 11).

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1098
Today Daily Change	46
Today Daily Change %	0.13
Today daily open	1.1084

Trends
Daily SMA20	1.1193
Daily SMA50	1.1238
Daily SMA100	1.1236
Daily SMA200	1.1303

Levels
Previous Daily High	1.1096
Previous Daily Low	1.1027
Previous Weekly High	1.1226
Previous Weekly Low	1.1101
Previous Monthly High	1.1373
Previous Monthly Low	1.106
Daily Fibonacci 38.2%	1.107
Daily Fibonacci 61.8%	1.1053
Daily Pivot Point S1	1.1042
Daily Pivot Point S2	1.1
Daily Pivot Point S3	1.0972
Daily Pivot Point R1	1.1112
Daily Pivot Point R2	1.1139
Daily Pivot Point R3	1.1181

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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