EUR/USD Price Analysis: Further losses likely below 1.0804

EUR/USD picks up some buying interest and retakes 1.0600.
The weekly low just above 1.0800 caps the upside so far.

Pablo Piovano FXStreet

EUR/USD manages to generate some upside traction and reclaims the area above the 1.0600 hurdle ahead of the ECB on Thursday.

Occasional bullish attempts, in the meantime, should clear the weekly high at 1.0804 (February 14) to allow for the continuation of the uptrend in the short term

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0323.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0604
Today Daily Change	62
Today Daily Change %	0.26
Today daily open	1.0577

Trends
Daily SMA20	1.0629
Daily SMA50	1.0726
Daily SMA100	1.0556
Daily SMA200	1.0325

Levels
Previous Daily High	1.076
Previous Daily Low	1.0516
Previous Weekly High	1.0701
Previous Weekly Low	1.0524
Previous Monthly High	1.1033
Previous Monthly Low	1.0533
Daily Fibonacci 38.2%	1.0609
Daily Fibonacci 61.8%	1.0667
Daily Pivot Point S1	1.0475
Daily Pivot Point S2	1.0374
Daily Pivot Point S3	1.0232
Daily Pivot Point R1	1.0719
Daily Pivot Point R2	1.0861
Daily Pivot Point R3	1.0963

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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