EUR/USD Price Analysis: Still scope for a drop to 1.0635

  • EUR/USD drops further and reached new monthly lows near 1.0750.
  • Immediately to the downside is located the 2020 low at 1.0635.

EUR/USD is now seeing some recovery after bottoming out in fresh monthly lows in the 1.0730/25 band.

If the sellers remain in control, then the YTD low at 1.0635 (March 23) should become the next target of relevance.

The downside pressure is expected to ebb a tad on a surpass of recent tops in the 1.0990/1.1000 band.

EUR/USD daily chart


Today last price 1.0785
Today Daily Change 71
Today Daily Change % 0.07
Today daily open 1.0777
Daily SMA20 1.0904
Daily SMA50 1.0957
Daily SMA100 1.102
Daily SMA200 1.1045
Previous Daily High 1.0847
Previous Daily Low 1.0756
Previous Weekly High 1.0991
Previous Weekly Low 1.0812
Previous Monthly High 1.1497
Previous Monthly Low 1.0636
Daily Fibonacci 38.2% 1.0791
Daily Fibonacci 61.8% 1.0812
Daily Pivot Point S1 1.074
Daily Pivot Point S2 1.0703
Daily Pivot Point S3 1.0649
Daily Pivot Point R1 1.083
Daily Pivot Point R2 1.0884
Daily Pivot Point R3 1.0921



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