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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.

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 price1.0604
Today Daily Change62
Today Daily Change %0.26
Today daily open1.0577
 
Trends
Daily SMA201.0629
Daily SMA501.0726
Daily SMA1001.0556
Daily SMA2001.0325
 
Levels
Previous Daily High1.076
Previous Daily Low1.0516
Previous Weekly High1.0701
Previous Weekly Low1.0524
Previous Monthly High1.1033
Previous Monthly Low1.0533
Daily Fibonacci 38.2%1.0609
Daily Fibonacci 61.8%1.0667
Daily Pivot Point S11.0475
Daily Pivot Point S21.0374
Daily Pivot Point S31.0232
Daily Pivot Point R11.0719
Daily Pivot Point R21.0861
Daily Pivot Point R31.0963

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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