EUR/USD Price Analysis: Initial support turns up near 1.0760

EUR/USD attempts a mild bounce after testing lows around 1.0760.
There is a temporary hurdle at the 55-day SMA near 1.0870.

Pablo Piovano FXStreet

EUR/USD rebounds from new 2-month lows in the 1.0760/55 band and manages to briefly surpass the 1.0800 hurdle at the end of the week.

While initially supported by the 1.0760 region, occasional bullish attempts could see the pair confront the temporary hurdle at the 55-day SMA at 1.0865 ahead of the more significant 1.1000 mark.

Extra losses are not ruled out in the current context, although a sustained retracement to the March bottom of 1.0516 (March 15) is not favoured for the time being.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0465.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0795
Today Daily Change	64
Today Daily Change %	0.23
Today daily open	1.077

Trends
Daily SMA20	1.0961
Daily SMA50	1.0891
Daily SMA100	1.0807
Daily SMA200	1.0464

Levels
Previous Daily High	1.0848
Previous Daily Low	1.0762
Previous Weekly High	1.1054
Previous Weekly Low	1.0848
Previous Monthly High	1.1095
Previous Monthly Low	1.0788
Daily Fibonacci 38.2%	1.0795
Daily Fibonacci 61.8%	1.0815
Daily Pivot Point S1	1.0739
Daily Pivot Point S2	1.0708
Daily Pivot Point S3	1.0654
Daily Pivot Point R1	1.0825
Daily Pivot Point R2	1.0879
Daily Pivot Point R3	1.091

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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