EUR/USD Price Analysis: Upside mitigated above 1.0830

EUR/USD rebounds from multi-week lows near 1.0670.
The selling pressure could mitigate somewhat above 1.0830.

Pablo Piovano FXStreet

EUR/USD manages to regain some buying interest soon after bottoming out in new 10-week lows near 1.0670 on turnaround Tuesday.

The pair remains under heavy pressure despite the corrective bounce, although the selling mood could alleviate a tad on a convincing close above the weekly high of 1.0831 (May 22). Immediately to the upside, in the meantime, appears the transitory 100-day SMA at 1.0814.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0488.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0738
Today Daily Change	65
Today Daily Change %	0.28
Today daily open	1.0708

Trends
Daily SMA20	1.0873
Daily SMA50	1.0903
Daily SMA100	1.0816
Daily SMA200	1.0487

Levels
Previous Daily High	1.0744
Previous Daily Low	1.0706
Previous Weekly High	1.0831
Previous Weekly Low	1.0702
Previous Monthly High	1.1095
Previous Monthly Low	1.0788
Daily Fibonacci 38.2%	1.072
Daily Fibonacci 61.8%	1.0729
Daily Pivot Point S1	1.0695
Daily Pivot Point S2	1.0681
Daily Pivot Point S3	1.0657
Daily Pivot Point R1	1.0733
Daily Pivot Point R2	1.0757
Daily Pivot Point R3	1.0771

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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