EUR/USD Price Analysis: Immediately to the upside comes 1.0640

EUR/USD reverses two daily drops in a row and revisits 1.0550.
The surpass of 1.0600 should open the door to extra gains.

Pablo Piovano FXStreet

EUR/USD sets aside two consecutive daily pullbacks and retests the mid-1.0500s at the beginning of the week.

In case bulls maintain control, the pair should retarget the 1.0600 barrier ahead of the weekly high of 1.0639 (October 12).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA, today at 1.0822.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0534
Today Daily Change	37
Today Daily Change %	0.22
Today daily open	1.0511

Trends
Daily SMA20	1.0578
Daily SMA50	1.073
Daily SMA100	1.0833
Daily SMA200	1.0825

Levels
Previous Daily High	1.0558
Previous Daily Low	1.0496
Previous Weekly High	1.064
Previous Weekly Low	1.0496
Previous Monthly High	1.0882
Previous Monthly Low	1.0488
Daily Fibonacci 38.2%	1.052
Daily Fibonacci 61.8%	1.0534
Daily Pivot Point S1	1.0485
Daily Pivot Point S2	1.0459
Daily Pivot Point S3	1.0422
Daily Pivot Point R1	1.0548
Daily Pivot Point R2	1.0585
Daily Pivot Point R3	1.0611

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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