EUR/USD Price Analysis: Still Room For Extra Pullbacks
- EUR/USD manages to bounce off recent lows near 1.0700.
- The next contention appears at the 1.0630 zone.
EUR/USD recoups part of the ground lost on Tuesday’s sell-off and reclaims the 1.0740 area on Wednesday.
Despite the ongoing rebound, the pair remains well under pressure and the door remains open to extra losses in the short-term horizon. Against that, the loss of the 1.0700 support is expected to motivate the pair to challenge the May low of 1.0635 (May 31) in the not-so-distant future.
In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0820.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
OVERVIEW | |
---|---|
Today last price | 1.0731 |
Today Daily Change | 36 |
Today Daily Change % | 0.08 |
Today daily open | 1.0722 |
TRENDS | |
---|---|
Daily SMA20 | 1.0865 |
Daily SMA50 | 1.0961 |
Daily SMA100 | 1.0918 |
Daily SMA200 | 1.082 |
LEVELS | |
---|---|
Previous Daily High | 1.0798 |
Previous Daily Low | 1.0706 |
Previous Weekly High | 1.0946 |
Previous Weekly Low | 1.0772 |
Previous Monthly High | 1.1065 |
Previous Monthly Low | 1.0766 |
Daily Fibonacci 38.2% | 1.0742 |
Daily Fibonacci 61.8% | 1.0763 |
Daily Pivot Point S1 | 1.0686 |
Daily Pivot Point S2 | 1.065 |
Daily Pivot Point S3 | 1.0594 |
Daily Pivot Point R1 | 1.0778 |
Daily Pivot Point R2 | 1.0834 |
Daily Pivot Point R3 | 1.087 |
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