EUR/USD Price Analysis: Interim contention emerges near 1.0650

Pablo Piovano FXStreet

- EUR/USD comes under pressure following Monday’s tops.

- Further decline could revisit the 1.0650 zone in the near term.

EUR/USD faces increasing selling pressure and returns to the sub-1.0700 region afer hitting new highs near 1.0750 at the beginning of the week.

In case the downward bias picks up extra pace, the pair could extend the pullback to the 55-day SMA near 1.0650, which is expected to provide temporary contention.

In the meantime, while below the 200-day SMA at 1.0804, the pair’s outlook should remain negative.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0669
Today Daily Change	57
Today Daily Change %	-0.48
Today daily open	1.072

Trends
Daily SMA20	1.0595
Daily SMA50	1.0636
Daily SMA100	1.0805
Daily SMA200	1.0806

Levels
Previous Daily High	1.0756
Previous Daily Low	1.0718
Previous Weekly High	1.0747
Previous Weekly Low	1.0517
Previous Monthly High	1.0695
Previous Monthly Low	1.0448
Daily Fibonacci 38.2%	1.0732
Daily Fibonacci 61.8%	1.0742
Daily Pivot Point S1	1.0706
Daily Pivot Point S2	1.0693
Daily Pivot Point S3	1.0668
Daily Pivot Point R1	1.0745
Daily Pivot Point R2	1.077
Daily Pivot Point R3	1.0784

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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