EUR/USD Price Analysis: Decent support emerges around 1.0700


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  • EUR/USD attempts a bounce to the 1.0750 region on Friday.
  • The resumption of the selling bias could challenge 1.0700 once again.

EUR/USD remains under pressure despite the ongoing bounce off recent multi-week lows in the proximity of the 1.0700 neighbourhood.

The loss of the so far decent contention area around 1.0700 could force the pair to extend the bearish move to the March low of 1.0516 (March 15), just ahead of the 2023 low of 1.0481 (January 6).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0481.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.0747
Today Daily Change 31
Today Daily Change % 0.21
Today daily open 1.0725
 
Trends
Daily SMA20 1.0901
Daily SMA50 1.0903
Daily SMA100 1.0815
Daily SMA200 1.0479
 
Levels
Previous Daily High 1.0757
Previous Daily Low 1.0708
Previous Weekly High 1.0904
Previous Weekly Low 1.076
Previous Monthly High 1.1095
Previous Monthly Low 1.0788
Daily Fibonacci 38.2% 1.0726
Daily Fibonacci 61.8% 1.0738
Daily Pivot Point S1 1.0703
Daily Pivot Point S2 1.0681
Daily Pivot Point S3 1.0654
Daily Pivot Point R1 1.0752
Daily Pivot Point R2 1.0779
Daily Pivot Point R3 1.0801

 

 

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