EUR/USD Price Analysis: Upside remains limited by 1.0770

EUR/USD halts three consecutive daily advances.
The 1.0770 region emerges as the initial hurdle for bulls.

Pablo Piovano FXStreet

EUR/USD struggles to continue the weekly recovery and seems to have met a decent resistance around 1.0770 so far.

The underlying bearish sentiment remains unchanged and leaves the door open to extra pullbacks in the short-term horizon. Against that backdrop, the breach of the 1.0700 region could encourage sellers to embark on a probable visit to the September low of 1.0685 (September 7) ahead of the May low of 1.0635 (May 31).

In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0826.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0739
Today Daily Change	54
Today Daily Change %	-0.14
Today daily open	1.0754

Trends
Daily SMA20	1.0811
Daily SMA50	1.0944
Daily SMA100	1.0905
Daily SMA200	1.0826

Levels
Previous Daily High	1.0769
Previous Daily Low	1.0705
Previous Weekly High	1.0809
Previous Weekly Low	1.0686
Previous Monthly High	1.1065
Previous Monthly Low	1.0766
Daily Fibonacci 38.2%	1.0745
Daily Fibonacci 61.8%	1.073
Daily Pivot Point S1	1.0717
Daily Pivot Point S2	1.0679
Daily Pivot Point S3	1.0653
Daily Pivot Point R1	1.078
Daily Pivot Point R2	1.0806
Daily Pivot Point R3	1.0844

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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