- EUR/USD shows decent support in the area above 1.0700.
- The resumption of the downtrend could retest 1.0635.
He EUR/USD It bounces from 2-month lows in the 1.0630 zone and recovers to the zone just above 1.0700, today, Thursday.
The pair remains under strong pressure and a break of the May low at 1.0635 (May 31) could pave the way for a drop to 1.0600 ahead of the March low at 1.0516 (March 15).
A deeper pullback to the 2023 low at 1.0496 (Jan 6) would likely require a sharp deterioration in the outlook, which does not look favorable at the moment.
Longer-term, constructive view remains above the 200-day SMA at 1.0492 today.
EUR/USD daily chart
EUR/USD
Overview | |
---|---|
Last price today | 1.0706 |
Today I change daily | 54 |
today’s daily variation | 0.16 |
today’s daily opening | 1.0689 |
Trends | |
---|---|
daily SMA20 | 1.0841 |
daily SMA50 | 1.0899 |
daily SMA100 | 1.0815 |
daily SMA200 | 1.0494 |
levels | |
---|---|
previous daily high | 1.0736 |
previous daily low | 1.0635 |
Previous Weekly High | 1.0831 |
previous weekly low | 1.0702 |
Previous Monthly High | 1.1092 |
Previous monthly minimum | 1.0635 |
Fibonacci daily 38.2 | 1.0674 |
Fibonacci 61.8% daily | 1.0697 |
Daily Pivot Point S1 | 1.0638 |
Daily Pivot Point S2 | 1.0586 |
Daily Pivot Point S3 | 1.0537 |
Daily Pivot Point R1 | 1.0738 |
Daily Pivot Point R2 | 1.0787 |
Daily Pivot Point R3 | 1.0838 |
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.