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EUR/USD Price Analysis: Next on the downside comes 1.06335

  • EUR/USD manages to regain some composure near 1.0700.
  • Further losses could retarget the May low at 1.0635.

EUR/USD attempts a mild recovery to the 1.0700 region at the end of the week.

The underlying bearish sentiment remains unchanged and leaves the door open to extra pullbacks in the short-term horizon. Against that backdrop, the pair could now embark on a probable visit to the May low of 1.0635 (May 31) ahead of the March low of 1.0516 (March 15).

In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0822.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0713
Today Daily Change34
Today Daily Change %0.16
Today daily open1.0696
 
Trends
Daily SMA201.0839
Daily SMA501.0954
Daily SMA1001.0913
Daily SMA2001.0823
 
Levels
Previous Daily High1.0732
Previous Daily Low1.0686
Previous Weekly High1.0946
Previous Weekly Low1.0772
Previous Monthly High1.1065
Previous Monthly Low1.0766
Daily Fibonacci 38.2%1.0704
Daily Fibonacci 61.8%1.0714
Daily Pivot Point S11.0678
Daily Pivot Point S21.0659
Daily Pivot Point S31.0632
Daily Pivot Point R11.0723
Daily Pivot Point R21.0751
Daily Pivot Point R31.0769

Author

Pablo Piovano

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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