EUR/USD Price Analysis: Further South Emerges The March Low At 1.0516

  • EUR/USD slips back to the 1.0615 region, reaching new six-month lows.
  • Extra losses should meet the March low of around 1.0516.

EUR/USD retreats for the third session in a row and prints fresh lows around 1.0615 on Thursday.

If the pair breaches this level in the short-term horizon, it could then open the door to a potential retracement to the March low of 1.0516 (Mar 8), which is the last defence ahead of an assault on the 2023 low at 1.0481 (January 6).

While below the key 200-day SMA at 1.0828, the pair is likely to face extra weakness.
 

EUR/USD daily chart

(Click on image to enlarge)


EUR/USD

OVERVIEW
Today last price 1.0646
Today Daily Change 48
Today Daily Change % -0.13
Today daily open 1.066
TRENDS
Daily SMA20 1.0753
Daily SMA50 1.0908
Daily SMA100 1.0885
Daily SMA200 1.0829
LEVELS
Previous Daily High 1.0737
Previous Daily Low 1.065
Previous Weekly High 1.0769
Previous Weekly Low 1.0632
Previous Monthly High 1.1065
Previous Monthly Low 1.0766
Daily Fibonacci 38.2% 1.0683
Daily Fibonacci 61.8% 1.0704
Daily Pivot Point S1 1.0628
Daily Pivot Point S2 1.0596
Daily Pivot Point S3 1.0541
Daily Pivot Point R1 1.0715
Daily Pivot Point R2 1.0769
Daily Pivot Point R3 1.0802

More By This Author:

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EUR/USD Price Analysis: Next On The Upside Aligns 1.0770
USD Index Price Analysis: A Drop To 104.40 Emerges On The Horizon

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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