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EUR/USD Price Analysis: Extra gains could be selling opportunities

  • EUR/USD rebounds to the proximity of 1.0600 on Friday.
  • Another visit to the YTD low at 1.0470 stays on the cards.

EUR/USD attempts a technical bounce following oversold levels, although the move ran out of steam near 1.0600 at the end of the week.

The offered stance in the pair remains well and sound despite Friday’s bounce and the door stays open to another probable visit to the YTD low around 1.0470 (April 28).

While below the 2-month line around 1.0990, extra losses in the pair are likely.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0536
Today Daily Change102
Today Daily Change %0.35
Today daily open1.0499
 
Trends
Daily SMA201.0813
Daily SMA501.0972
Daily SMA1001.1151
Daily SMA2001.1388
 
Levels
Previous Daily High1.0566
Previous Daily Low1.0471
Previous Weekly High1.0936
Previous Weekly Low1.0761
Previous Monthly High1.1233
Previous Monthly Low1.0806
Daily Fibonacci 38.2%1.0507
Daily Fibonacci 61.8%1.053
Daily Pivot Point S11.0458
Daily Pivot Point S21.0418
Daily Pivot Point S31.0364
Daily Pivot Point R11.0552
Daily Pivot Point R21.0606
Daily Pivot Point R31.0647

Author

Pablo Piovano

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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