EUR/USD Price Analysis: Downside mitigated above 1.0770

EUR/USD gathers further impulse and surpasses 1.0600.
The immediate target for bulls emerges at the 1.0770 region.

Pablo Piovano FXStreet

EUR/USD regains composure and extends the recovery beyond the key barrier at 1.0600 the figure at the end of the week.

In case the bounce becomes more serious, the pair is expected to target the weekly high of 1.0767 (September 12). The selling pressure is expected to alleviate once this level is cleared, allowing for a potential next move to the critical 200-day SMA, today at 1.0827.

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0606
Today Daily Change	61
Today Daily Change %	0.39
Today daily open	1.0565

Trends
Daily SMA20	1.0676
Daily SMA50	1.0834
Daily SMA100	1.0861
Daily SMA200	1.0829

Levels
Previous Daily High	1.0579
Previous Daily Low	1.0491
Previous Weekly High	1.0737
Previous Weekly Low	1.0615
Previous Monthly High	1.1065
Previous Monthly Low	1.0766
Daily Fibonacci 38.2%	1.0545
Daily Fibonacci 61.8%	1.0525
Daily Pivot Point S1	1.0511
Daily Pivot Point S2	1.0457
Daily Pivot Point S3	1.0423
Daily Pivot Point R1	1.0599
Daily Pivot Point R2	1.0633
Daily Pivot Point R3	1.0687

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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