EUR/USD Price Analysis: Next downside target is 1.06335

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

He EUR/USD attempts a slight recovery towards the 1.0700 area at the end of the week.

Underlying bearish sentiment remains unchanged, leaving the door open for further pullbacks on the near-term horizon. Against this background, the pair could embark on a probable visit to the May low at 1.0635 (May 31) before the March low at 1.0516 (March 15).

Meanwhile, further losses are expected below the 200-day SMA, today at 1.0822.

EUR/USD daily chart

EUR/USD

Overview
Latest price today	1.0713
Today I change daily	3. 4
Today’s daily variation	0.16
Today’s daily opening	1.0696

Trends
daily SMA20	1.0839
daily SMA50	1.0954
SMA100 daily	1.0913
SMA200 daily	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
Fibonacci 61.8% daily	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

Source: Fx Street

Joshua

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.