EUR/USD Price Analysis: Next on the downside appears 1.0640

Pablo Piovano FXStreet

- EUR/USD trades in an inconclusive fashion below 1.0700.

- Bouts of selling pressure could revisit 1.0640.

EUR/USD trades in an inconclusive fashion below the 1.0700 mark at the beginning of the week.

If bears regain the initiative, they could initially drag the pair to the interim 55-day SMA, today at 1.0639. The loss of this region could open the door to a probable visit to the weekly low of 1.0495 (October 13) ahead of the 2023 bottom of 1.0448 (October 3).

In the meantime, while below the 200-day SMA at 1.0800, the pair’s outlook should remain negative.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0676
Today Daily Change	27
Today Daily Change %	-0.08
Today daily open	1.0685

Trends
Daily SMA20	1.062
Daily SMA50	1.0623
Daily SMA100	1.0795
Daily SMA200	1.0802

Levels
Previous Daily High	1.0693
Previous Daily Low	1.0656
Previous Weekly High	1.0756
Previous Weekly Low	1.0656
Previous Monthly High	1.0695
Previous Monthly Low	1.0448
Daily Fibonacci 38.2%	1.0679
Daily Fibonacci 61.8%	1.067
Daily Pivot Point S1	1.0663
Daily Pivot Point S2	1.0642
Daily Pivot Point S3	1.0627
Daily Pivot Point R1	1.07
Daily Pivot Point R2	1.0715
Daily Pivot Point R3	1.0736

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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