EUR/USD Price Analysis: Further Weakness Could Extend To 1.0516
- EUR/USD picks up some pace and revisits 1.0670.
- The next support of note emerges at the March low at 1.0516.
EUR/USD reclaims the 1.0660/70 band after bottoming out in the 1.0630 region.
The underlying bearish sentiment remains unchanged and leaves the door open to extra pullbacks in the short-term horizon. Against that backdrop, further losses could see the March low of 1.0516 (March 15) revisited in the short-term horizon.
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 | 1.065 |
| Today Daily Change | 36 |
| Today Daily Change % | 0.07 |
| Today daily open | 1.0643 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0792 |
| Daily SMA50 | 1.0937 |
| Daily SMA100 | 1.0898 |
| Daily SMA200 | 1.0828 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0752 |
| Previous Daily Low | 1.0632 |
| Previous Weekly High | 1.0809 |
| Previous Weekly Low | 1.0686 |
| Previous Monthly High | 1.1065 |
| Previous Monthly Low | 1.0766 |
| Daily Fibonacci 38.2% | 1.0678 |
| Daily Fibonacci 61.8% | 1.0706 |
| Daily Pivot Point S1 | 1.0599 |
| Daily Pivot Point S2 | 1.0555 |
| Daily Pivot Point S3 | 1.0479 |
| Daily Pivot Point R1 | 1.072 |
| Daily Pivot Point R2 | 1.0796 |
| Daily Pivot Point R3 | 1.084 |
More By This Author:
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EUR/USD Price Analysis: Extra Losses Could Revisit 1.0635
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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