EUR/USD Price Analysis: Recovery targets 1.0700

Pablo Piovano FXStreet

- EUR/USD manages to regain upside traction on Friday.

- Further gains could revisit the 1.0700 region sooner rather than later.

EUR/USD leaves behind part of the recent three-day negative streak and approaches the 1.0700 zone.

In case bulls keep pushing, the pair should meet the next hurdle at the round level of 1.0700 prior rot the weekly peaks of 1.0736 (September 20) and 1.0767 (September 12).

In the meantime, while below the 200-day SMA at 1.0812, the pair’s outlook should remain negative.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0586
Today Daily Change	56
Today Daily Change %	0.22
Today daily open	1.0563

Trends
Daily SMA20	1.0561
Daily SMA50	1.0666
Daily SMA100	1.0821
Daily SMA200	1.0815

Levels
Previous Daily High	1.0574
Previous Daily Low	1.0522
Previous Weekly High	1.0617
Previous Weekly Low	1.0511
Previous Monthly High	1.0882
Previous Monthly Low	1.0488
Daily Fibonacci 38.2%	1.0542
Daily Fibonacci 61.8%	1.0554
Daily Pivot Point S1	1.0532
Daily Pivot Point S2	1.0501
Daily Pivot Point S3	1.048
Daily Pivot Point R1	1.0584
Daily Pivot Point R2	1.0605
Daily Pivot Point R3	1.0636

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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