EUR/USD Price Analysis: Another test of 1.0765 remains in store

EUR/USD reverses two consecutive sessions of losses.
The resumption of the selling pressure could see 1.0765 retested.

Pablo Piovano FXStreet

EUR/USD manages to regain some balance and reclaims the 1.0800 neighbourhood at the beginning of the week.

In case bears regain the upper hand, the pair could slip back to the August low of 1.0765 (August 25). South from here emerges the May low of 1.0635 (May 31) ahead of the 2023 low of 1.0481 (January 6).

A drop below the 200-day SMA, today at 1.0805, should keep extra pullbacks in store for the time being.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0805
Today Daily Change	30
Today Daily Change %	0.08
Today daily open	1.0796

Trends
Daily SMA20	1.0919
Daily SMA50	1.0977
Daily SMA100	1.0928
Daily SMA200	1.0804

Levels
Previous Daily High	1.0842
Previous Daily Low	1.0766
Previous Weekly High	1.093
Previous Weekly Low	1.0766
Previous Monthly High	1.1276
Previous Monthly Low	1.0834
Daily Fibonacci 38.2%	1.0795
Daily Fibonacci 61.8%	1.0813
Daily Pivot Point S1	1.0761
Daily Pivot Point S2	1.0725
Daily Pivot Point S3	1.0685
Daily Pivot Point R1	1.0836
Daily Pivot Point R2	1.0877
Daily Pivot Point R3	1.0912

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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