EUR/USD Price Analysis: Below 1.0700 comes the March low

EUR/USD retreats to fresh monthly lows near 1.0715.
The loss of the 1.0700 region exposes a deeper decline.

Pablo Piovano FXStreet

EUR/USD maintains the bearish note well in place and revisits the vicinity of 1.0700, or monthly lows, on Thursday.

In the meantime, the ongoing bearish development could force the pair to extend the move to the March low of 1.0516 (March 15) in case the 1.0700 region is cleared in a sustainable fashion.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0477.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0724
Today Daily Change	43
Today Daily Change %	-0.24
Today daily open	1.075

Trends
Daily SMA20	1.0916
Daily SMA50	1.09
Daily SMA100	1.0813
Daily SMA200	1.0476

Levels
Previous Daily High	1.0801
Previous Daily Low	1.0748
Previous Weekly High	1.0904
Previous Weekly Low	1.076
Previous Monthly High	1.1095
Previous Monthly Low	1.0788
Daily Fibonacci 38.2%	1.0769
Daily Fibonacci 61.8%	1.0781
Daily Pivot Point S1	1.0731
Daily Pivot Point S2	1.0713
Daily Pivot Point S3	1.0678
Daily Pivot Point R1	1.0784
Daily Pivot Point R2	1.0819
Daily Pivot Point R3	1.0837

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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