EUR/USD Price Analysis: Extra losses could revisit 1.0635

EUR/USD intensify its decline to fresh four-month lows.
Bears now re-shift their attention to the 1.0630 zone.

Pablo Piovano FXStreet

EUR/USD sinks to levels last traded four months ago in the mid-1.0600s on Thursday.

The underlying bearish sentiment remains unchanged and leaves the door open to extra pullbacks in the short-term horizon. Against that backdrop, a sustained breach of the 1.0700 yardstick could encourage sellers to embark on a probable visit to the May low of 1.0635 (May 31).

In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0827.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0668
Today Daily Change	98
Today Daily Change %	-0.57
Today daily open	1.0729

Trends
Daily SMA20	1.0804
Daily SMA50	1.0941
Daily SMA100	1.0902
Daily SMA200	1.0827

Levels
Previous Daily High	1.0765
Previous Daily Low	1.0711
Previous Weekly High	1.0809
Previous Weekly Low	1.0686
Previous Monthly High	1.1065
Previous Monthly Low	1.0766
Daily Fibonacci 38.2%	1.0732
Daily Fibonacci 61.8%	1.0744
Daily Pivot Point S1	1.0705
Daily Pivot Point S2	1.0681
Daily Pivot Point S3	1.0652
Daily Pivot Point R1	1.0759
Daily Pivot Point R2	1.0789
Daily Pivot Point R3	1.0813

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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