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