EUR/USD Price Analysis: Next on the downside comes 1.06335

EUR/USD manages to regain some composure near 1.0700.
Further losses could retarget the May low at 1.0635.

Pablo Piovano FXStreet

EUR/USD attempts a mild recovery to the 1.0700 region at the end of the week.

The underlying bearish sentiment remains unchanged and leaves the door open to extra pullbacks in the short-term horizon. Against that backdrop, the pair could now embark on a probable visit to the May low of 1.0635 (May 31) ahead of the March low of 1.0516 (March 15).

In the meantime, further losses remain in the pipeline while below the key 200-day SMA, today at 1.0822.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0713
Today Daily Change	34
Today Daily Change %	0.16
Today daily open	1.0696

Trends
Daily SMA20	1.0839
Daily SMA50	1.0954
Daily SMA100	1.0913
Daily SMA200	1.0823

Levels
Previous Daily High	1.0732
Previous Daily Low	1.0686
Previous Weekly High	1.0946
Previous Weekly Low	1.0772
Previous Monthly High	1.1065
Previous Monthly Low	1.0766
Daily Fibonacci 38.2%	1.0704
Daily Fibonacci 61.8%	1.0714
Daily Pivot Point S1	1.0678
Daily Pivot Point S2	1.0659
Daily Pivot Point S3	1.0632
Daily Pivot Point R1	1.0723
Daily Pivot Point R2	1.0751
Daily Pivot Point R3	1.0769

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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