EUR/USD Price Analysis: The 55-day SMA caps the upside… for now

EUR/USD comes under heavy pressure and breaches 1.0600.
Extra losses seem in place while below the 55-day SMA at 1.0713.

Pablo Piovano FXStreet

EUR/USD quickly fades the Wednesday’s uptick and returns to the sub-1.0600 region on Thursday.

While below the temporary up barrier at the 55-day SMA, today at 1.0713, the pair remains vulnerable to further losses. Against that, another visit to the February low at 1.0532 (February 27) should not be ruled out.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0327.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0594
Today Daily Change	91
Today Daily Change %	-0.67
Today daily open	1.0665

Trends
Daily SMA20	1.0687
Daily SMA50	1.0726
Daily SMA100	1.0478
Daily SMA200	1.033

Levels
Previous Daily High	1.0692
Previous Daily Low	1.0565
Previous Weekly High	1.0705
Previous Weekly Low	1.0536
Previous Monthly High	1.1033
Previous Monthly Low	1.0533
Daily Fibonacci 38.2%	1.0643
Daily Fibonacci 61.8%	1.0614
Daily Pivot Point S1	1.059
Daily Pivot Point S2	1.0515
Daily Pivot Point S3	1.0464
Daily Pivot Point R1	1.0716
Daily Pivot Point R2	1.0767
Daily Pivot Point R3	1.0842

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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