EUR/USD Price Analysis: Further advances need to clear 1.0640

EUR/USD trades without direction below the 1.0600 barrier.
Further gains appear in store above the 1.0640 region.

Pablo Piovano FXStreet

EUR/USD trades without a clear direction below the key 1.0600 hurdle on Friday.

In case the recovery gathers a more serious pace, the pair is expected to initially challenge the October high at 1.0639 (October 12). The surpass of this region should expose a potential move to the transitory 55-day SMA at 1.0721 ahead of weekly peaks at 1.0736 (September 20) and 1.0767 (September 12).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA at 1.0818.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0586
Today Daily Change	34
Today Daily Change %	0.04
Today daily open	1.0582

Trends
Daily SMA20	1.0556
Daily SMA50	1.0697
Daily SMA100	1.0827
Daily SMA200	1.082

Levels
Previous Daily High	1.0617
Previous Daily Low	1.0528
Previous Weekly High	1.064
Previous Weekly Low	1.0496
Previous Monthly High	1.0882
Previous Monthly Low	1.0488
Daily Fibonacci 38.2%	1.0583
Daily Fibonacci 61.8%	1.0562
Daily Pivot Point S1	1.0535
Daily Pivot Point S2	1.0487
Daily Pivot Point S3	1.0446
Daily Pivot Point R1	1.0624
Daily Pivot Point R2	1.0665
Daily Pivot Point R3	1.0712

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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