EUR/USD Price Analysis: Rising odds for a move to 1.0570

EUR/USD tumbles to fresh nearly 3-year lows around 1.0750.
Next on the downside emerges the April 2017 low at 1.0569.

Pablo Piovano FXStreet

The offered bias in the euro remains well and sound for yet another session on Thursday and is now dragging EUR/USD to new yearly lows in the mid-1.0700s.

While below the 55-day SMA, today at 1.1053, the pair is expected to keep the negative view unchanged.

Against this backdrop, the next support of significance is located at 1.0569, the April 2017 low ahead of the February 2017 low at 1.0493.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0753
Today Daily Change	289
Today Daily Change %	-1.47
Today daily open	1.0913

Trends
Daily SMA20	1.1083
Daily SMA50	1.1038
Daily SMA100	1.1066
Daily SMA200	1.1096

Levels
Previous Daily High	1.1045
Previous Daily Low	1.0802
Previous Weekly High	1.1497
Previous Weekly Low	1.1055
Previous Monthly High	1.1089
Previous Monthly Low	1.0778
Daily Fibonacci 38.2%	1.0895
Daily Fibonacci 61.8%	1.0952
Daily Pivot Point S1	1.0795
Daily Pivot Point S2	1.0677
Daily Pivot Point S3	1.0552
Daily Pivot Point R1	1.1038
Daily Pivot Point R2	1.1164
Daily Pivot Point R3	1.1282

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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