EUR/USD Technical Analysis: The pair is under pressure testing the key support line below 1.1700

• EUR/USD comes under further downside pressure in the second half of the week and is now putting the key 1.1700 support to the test.
• As long as spot trades above the short-term support line, today at 1.1684, the constructive bias should prevail. This area is also reinforced by the 21-day SMA at 1.1664.
• The loss of the 21-day SMA (1.1664) and the 55-day SMA (1.1621) should open the door for a potential test of the 1.1500 neighbourhood.

EUR/USD daily chart

Daily High: 1.1798
Daily Low: 1.1726
Weekly High: 1.1804
Weekly Low: 1.1618
Monthly High: 1.1804
Monthly Low: 1.1526
 

Daily Pivot Point S1: 1.1711
Daily Pivot Point S2: 1.1683
Daily Pivot Point S3: 1.1639
Daily Pivot Point R1: 1.1784
Daily Pivot Point R2: 1.1827
Daily Pivot Point R3: 1.1856