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.

Pablo Piovano FXStreet

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 price	1.0536
Today Daily Change	102
Today Daily Change %	0.35
Today daily open	1.0499

Trends
Daily SMA20	1.0813
Daily SMA50	1.0972
Daily SMA100	1.1151
Daily SMA200	1.1388

Levels
Previous Daily High	1.0566
Previous Daily Low	1.0471
Previous Weekly High	1.0936
Previous Weekly Low	1.0761
Previous Monthly High	1.1233
Previous Monthly Low	1.0806
Daily Fibonacci 38.2%	1.0507
Daily Fibonacci 61.8%	1.053
Daily Pivot Point S1	1.0458
Daily Pivot Point S2	1.0418
Daily Pivot Point S3	1.0364
Daily Pivot Point R1	1.0552
Daily Pivot Point R2	1.0606
Daily Pivot Point R3	1.0647

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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