EUR/USD Price Analysis: Further weakness could extend to 1.0516

EUR/USD picks up some pace and revisits 1.0670.
The next support of note emerges at the March low at 1.0516.

Pablo Piovano FXStreet

EUR/USD reclaims the 1.0660/70 band after bottoming out in the 1.0630 region.

The underlying bearish sentiment remains unchanged and leaves the door open to extra pullbacks in the short-term horizon. Against that backdrop, further losses could see the March low of 1.0516 (March 15) revisited in the short-term horizon.

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	1.065
Today Daily Change	36
Today Daily Change %	0.07
Today daily open	1.0643

Trends
Daily SMA20	1.0792
Daily SMA50	1.0937
Daily SMA100	1.0898
Daily SMA200	1.0828

Levels
Previous Daily High	1.0752
Previous Daily Low	1.0632
Previous Weekly High	1.0809
Previous Weekly Low	1.0686
Previous Monthly High	1.1065
Previous Monthly Low	1.0766
Daily Fibonacci 38.2%	1.0678
Daily Fibonacci 61.8%	1.0706
Daily Pivot Point S1	1.0599
Daily Pivot Point S2	1.0555
Daily Pivot Point S3	1.0479
Daily Pivot Point R1	1.072
Daily Pivot Point R2	1.0796
Daily Pivot Point R3	1.084

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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