EUR/USD Price Analysis: Rising bets for a drop to 0.9630

EUR/USD fades part of the post-CPI sharp upside on Friday.
Next on the downside now comes the weekly low near 0.9630.

Pablo Piovano FXStreet

EUR/USD gives aways most of its recent advance to the area just above the 0.9800 mark at the end of the week.

The continuation of the pullback appears on the cards and carries the potential to challenge the recent weekly low at 0.9631 (October 13) in the short-term horizon.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0576.

EUR/USD daily chart

EUR/USD

Overview
Today last price	0.9721
Today Daily Change	99
Today Daily Change %	-0.54
Today daily open	0.9774

Trends
Daily SMA20	0.9802
Daily SMA50	0.9957
Daily SMA100	1.0172
Daily SMA200	1.0587

Levels
Previous Daily High	0.9806
Previous Daily Low	0.9632
Previous Weekly High	1
Previous Weekly Low	0.9726
Previous Monthly High	1.0198
Previous Monthly Low	0.9536
Daily Fibonacci 38.2%	0.974
Daily Fibonacci 61.8%	0.9698
Daily Pivot Point S1	0.9669
Daily Pivot Point S2	0.9563
Daily Pivot Point S3	0.9494
Daily Pivot Point R1	0.9843
Daily Pivot Point R2	0.9912
Daily Pivot Point R3	1.0017

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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