EUR/USD Price Analysis: There is an initial hurdle around 1.0640

EUR/USD regains the smile and reverses Wednesday’s decline.
Extra recovery could see the monthly high around 1.0640 revisited.

Pablo Piovano FXStreet

EUR/USD keeps the weekly choppiness well in place and now regains the 1.0570 region following Wednesday’s daily decline.

In case the recovery gathers a more serious pace, then the pair is expected to challenge the October high at 1.0639 (October 12) prior to a probable move to the transitory 55-day SMA at 1.0721.

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA at 1.0819.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0572
Today Daily Change	51
Today Daily Change %	0.33
Today daily open	1.0537

Trends
Daily SMA20	1.056
Daily SMA50	1.0705
Daily SMA100	1.0829
Daily SMA200	1.0822

Levels
Previous Daily High	1.0594
Previous Daily Low	1.0523
Previous Weekly High	1.064
Previous Weekly Low	1.0496
Previous Monthly High	1.0882
Previous Monthly Low	1.0488
Daily Fibonacci 38.2%	1.055
Daily Fibonacci 61.8%	1.0567
Daily Pivot Point S1	1.0509
Daily Pivot Point S2	1.048
Daily Pivot Point S3	1.0438
Daily Pivot Point R1	1.058
Daily Pivot Point R2	1.0622
Daily Pivot Point R3	1.065

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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