EUR/USD Price Analysis: Still scope for a visit to 1.0641

EUR/USD meets some sellers in the 1.0560 zone.
Extra recovery should target the monthly top at 1.0641.

Pablo Piovano FXStreet

EUR/USD surrenders part of the recent advance after hitting new weekly peaks in the 1.0560/65 band on Wednesday.

Considering the pair’s ongoing price action, the continuation of the rebound appears likely in the very near term at least. Against that, the next hurdle emerges at the May high at 1.0641 (May 5) prior to the temporary 55-day SMA, today at 1.0809.

Below the 3-month line near 1.0880, the pair is expected to remain under pressure and vulnerable to extra losses.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0515
Today Daily Change	69
Today Daily Change %	-0.32
Today daily open	1.0549

Trends
Daily SMA20	1.0578
Daily SMA50	1.0806
Daily SMA100	1.1049
Daily SMA200	1.1303

Levels
Previous Daily High	1.0556
Previous Daily Low	1.0428
Previous Weekly High	1.0592
Previous Weekly Low	1.035
Previous Monthly High	1.1076
Previous Monthly Low	1.0471
Daily Fibonacci 38.2%	1.0507
Daily Fibonacci 61.8%	1.0477
Daily Pivot Point S1	1.0466
Daily Pivot Point S2	1.0384
Daily Pivot Point S3	1.0339
Daily Pivot Point R1	1.0594
Daily Pivot Point R2	1.0638
Daily Pivot Point R3	1.0721

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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