EUR/USD Price Analysis: Another visit to the 1.0630 region is not ruled out

EUR/USD gathers upside traction and advances to 1.0680.
The resumption of the selling pressure could retest 1.0630.

Pablo Piovano FXStreet

EUR/USD extends Friday’s recovery and hovers around the 1.0680 region on Monday.

Despite the so far two-day bounce, the pair’s underlying bearish sentiment remains unchanged and leaves the door open to extra pullbacks in the short-term horizon. Against that backdrop, further losses could see the September low at 1.0631 (September 14) revisited ahead of the March low of 1.0516 (March 15).

In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0827.

EURUSD daily chart

EUR/USD

Overview
Today last price	1.0669
Today Daily Change	23
Today Daily Change %	0.11
Today daily open	1.0657

Trends
Daily SMA20	1.0782
Daily SMA50	1.093
Daily SMA100	1.0895
Daily SMA200	1.0828

Levels
Previous Daily High	1.0688
Previous Daily Low	1.0633
Previous Weekly High	1.0769
Previous Weekly Low	1.0632
Previous Monthly High	1.1065
Previous Monthly Low	1.0766
Daily Fibonacci 38.2%	1.0667
Daily Fibonacci 61.8%	1.0654
Daily Pivot Point S1	1.0631
Daily Pivot Point S2	1.0605
Daily Pivot Point S3	1.0576
Daily Pivot Point R1	1.0686
Daily Pivot Point R2	1.0714
Daily Pivot Point R3	1.074

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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