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EUR/USD Price Analysis: A new visit to the 1.0630 area is not ruled out

  • EUR/USD regains bullish traction and advances to 1.0680.
  • Renewed selling pressure could retest 1.0630.

He EUR/USD extends Friday’s recovery and is around the 1.0680 area on Monday.

Despite the two-day bounce, the pair’s underlying bearish sentiment remains unchanged and leaves the door open for additional pullbacks on the near-term horizon. Against this backdrop, further losses could see the September low at 1.0631 (September 14) revisited before the March low at 1.0516 (March 15).

Meanwhile, further losses are expected below the 200-day SMA, today at 1.0827.

EURUSD Daily Chart

EUR/USD

Overview
Latest price today 1.0669
Today I change daily 23
Today’s daily variation 0.11
Today’s daily opening 1.0657
Trends
daily SMA20 1.0782
daily SMA50 1,093
SMA100 daily 1.0895
SMA200 daily 1.0828
Levels
Previous daily high 1.0688
Previous daily low 1.0633
Previous weekly high 1.0769
Previous weekly low 1.0632
Previous Monthly High 1.1065
Previous monthly low 1.0766
Daily Fibonacci 38.2 1.0667
Fibonacci 61.8% daily 1.0654
Daily Pivot Point S1 1.0631
Daily Pivot Point S2 1.0605
Daily Pivot Point S3 1.0576
Daily Pivot Point R1 1.0686
Daily Pivot Point R2 1.0714
Daily Pivot Point R3 1,074

Source: Fx Street

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