EUR/USD Price Analysis: Extra Pullbacks Not Ruled Out
- EUR/USD remains under pressure and close to 1.0700.
- The breach of 1.0700 could pave the way for a sustained drop.
EUR/USD keeps the bearish note well in place and keeps the trade near the key 1.0700 zone on Monday.
The ongoing bearish development could force the pair to break below the 1.0700 region and thus expose a deeper pullback to, initially, the March low of 1.0516 (March 15) in the near term.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0485.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0715 |
| Today Daily Change | 34 |
| Today Daily Change % | -0.09 |
| Today daily open | 1.0725 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0886 |
| Daily SMA50 | 1.0904 |
| Daily SMA100 | 1.0816 |
| Daily SMA200 | 1.0483 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0759 |
| Previous Daily Low | 1.0702 |
| Previous Weekly High | 1.0831 |
| Previous Weekly Low | 1.0702 |
| Previous Monthly High | 1.1095 |
| Previous Monthly Low | 1.0788 |
| Daily Fibonacci 38.2% | 1.0724 |
| Daily Fibonacci 61.8% | 1.0737 |
| Daily Pivot Point S1 | 1.0698 |
| Daily Pivot Point S2 | 1.0671 |
| Daily Pivot Point S3 | 1.0641 |
| Daily Pivot Point R1 | 1.0755 |
| Daily Pivot Point R2 | 1.0785 |
| Daily Pivot Point R3 | 1.0812 |
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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 ...
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