EUR/USD Price Analysis: Bulls need to clear the 1.0700 region

EUR/USD comes under some selling pressure near 1.0650.
The pair’s bullish attempt falters once again ahead of 1.0700.

Pablo Piovano FXStreet

EUR/USD triggered a corrective knee-jerk following another attempt to test/surpass the 1.0700 neighbourhood on Tuesday.

The resumption of the buying interest should encourage the pair to challenge and leave behind the 1.0700 region as well as the provisional 55-day SMA (1.0716) to allow for a potential visit to the weekly top at 1.0804 (February 14).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0326.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0649
Today Daily Change	47
Today Daily Change %	-0.26
Today daily open	1.0677

Trends
Daily SMA20	1.0661
Daily SMA50	1.0728
Daily SMA100	1.0504
Daily SMA200	1.0328

Levels
Previous Daily High	1.0694
Previous Daily Low	1.0622
Previous Weekly High	1.0692
Previous Weekly Low	1.0533
Previous Monthly High	1.1033
Previous Monthly Low	1.0533
Daily Fibonacci 38.2%	1.0667
Daily Fibonacci 61.8%	1.065
Daily Pivot Point S1	1.0635
Daily Pivot Point S2	1.0593
Daily Pivot Point S3	1.0563
Daily Pivot Point R1	1.0707
Daily Pivot Point R2	1.0737
Daily Pivot Point R3	1.0779

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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