EUR/USD Price Analysis: A test of 1.0100 and below is still on the cards

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  • EUR/USD reverses some of the recent gains and revisits 1.0130.
  • An immediate fall would send the pair to the weekly low of 1.0096.

The EUR/USD resumes the downward path and revisits the 1.0130/25 area after two consecutive daily advances.

Further losses should find the next support at the weekly low of 1.0096 (July 27). Should the sellers push further, the pair could face the psychological parity level in the not too distant future.

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Longer term, the bearish view on the pair is expected to prevail as long as it trades below the 200-day SMA at 1.0867.

EUR/USD daily chart

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Technical levels


Last Price Today 1.0124
Today’s Daily Change -0.0056
Today’s Daily Change % -0.55
Today’s Daily Opening 1,018
20 Daily SMA 1.0211
50 Daily SMA 1.0297
100 Daily SMA 1.0498
200 Daily SMA 1.0875
Previous Daily High 1.0203
Previous Daily Minimum 1.0146
Previous Maximum Weekly 1.0369
Previous Weekly Minimum 1.0159
Monthly Prior Maximum 1.0486
Previous Monthly Minimum 0.9952
Daily Fibonacci 38.2% 1.0181
Daily Fibonacci 61.8% 1.0167
Daily Pivot Point S1 1,015
Daily Pivot Point S2 1.0119
Daily Pivot Point S3 1.0092
Daily Pivot Point R1 1.0207
Daily Pivot Point R2 1.0234
Daily Pivot Point R3 1.0265

Source: Fx Street

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