EUR/USD Price Analysis: Extra Losses Could Revisit 1.0635

  • EUR/USD intensify its decline to fresh four-month lows.
  • Bears now re-shift their attention to the 1.0630 zone.

EUR/USD sinks to levels last traded four months ago in the mid-1.0600s on Thursday.

The underlying bearish sentiment remains unchanged and leaves the door open to extra pullbacks in the short-term horizon. Against that backdrop, a sustained breach of the 1.0700 yardstick could encourage sellers to embark on a probable visit to 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 1.0827.
 

EUR/USD daily chart

(Click on image to enlarge)


EUR/USD

OVERVIEW
Today last price 1.0668
Today Daily Change 98
Today Daily Change % -0.57
Today daily open 1.0729
TRENDS
Daily SMA20 1.0804
Daily SMA50 1.0941
Daily SMA100 1.0902
Daily SMA200 1.0827
LEVELS
Previous Daily High 1.0765
Previous Daily Low 1.0711
Previous Weekly High 1.0809
Previous Weekly Low 1.0686
Previous Monthly High 1.1065
Previous Monthly Low 1.0766
Daily Fibonacci 38.2% 1.0732
Daily Fibonacci 61.8% 1.0744
Daily Pivot Point S1 1.0705
Daily Pivot Point S2 1.0681
Daily Pivot Point S3 1.0652
Daily Pivot Point R1 1.0759
Daily Pivot Point R2 1.0789
Daily Pivot Point R3 1.0813

More By This Author:

EUR/JPY Price Analysis: Further Range Bound Looks Likely
Crude Oil Futures: Rally Could Take A Breather
EUR/USD Price Analysis: Upside Remains Limited By 1.0770

Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.