EUR/USD Price Analysis: Interim contention emerges around 1.0645

Pablo Piovano FXStreet

- EUR/USD struggles for direction around the 1.0700 neighbourhood.

- Bouts of weakness should meet initial support near 1.0650.

EUR/USD trades in an inconclusive fashion around the 1.0700 region on Thursday.

In case the downward bias picks up extra pace, the 55-day SMA at 1.0645 should offer temporary contention prior to the weekly low of 1.0495 (October 13).

In the meantime, while below the 200-day SMA at 1.0801, the pair’s outlook should remain negative.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0704
Today Daily Change	35
Today Daily Change %	-0.06
Today daily open	1.071

Trends
Daily SMA20	1.0604
Daily SMA50	1.0628
Daily SMA100	1.08
Daily SMA200	1.0804

Levels
Previous Daily High	1.0716
Previous Daily Low	1.0659
Previous Weekly High	1.0747
Previous Weekly Low	1.0517
Previous Monthly High	1.0695
Previous Monthly Low	1.0448
Daily Fibonacci 38.2%	1.0694
Daily Fibonacci 61.8%	1.0681
Daily Pivot Point S1	1.0674
Daily Pivot Point S2	1.0638
Daily Pivot Point S3	1.0617
Daily Pivot Point R1	1.0731
Daily Pivot Point R2	1.0752
Daily Pivot Point R3	1.0787

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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