EUR/USD Price Analysis: Provisional support emerges around 1.0645

  • EUR/USD is struggling to find its way around the 1.0700 area.
  • Bouts of weakness should find initial support near 1.0650.

He EUR/USD is trading inconclusively around the 1.0700 area on Thursday.

Should the bearish bias pick up, the 55-day SMA at 1.0645 should offer temporary containment ahead of the weekly low at 1.0495 (Oct 13).

Meanwhile, below the 200-day SMA at 1.0801, the outlook for the pair should remain negative.

EUR/USD Daily Chart

EUR/USD

Overview
Latest price today 1.0704
Today I change daily 35
Today’s daily variation -0.06
Today’s daily opening 1,071
Trends
daily SMA20 1.0604
daily SMA50 1.0628
SMA100 daily 1.08
SMA200 daily 1.0804
Levels
Previous daily high 1.0716
Previous daily low 1.0659
Previous weekly high 1.0747
Previous weekly low 1.0517
Previous Monthly High 1.0695
Previous monthly low 1.0448
Daily Fibonacci 38.2 1.0694
Fibonacci 61.8% daily 1.0681
Daily Pivot Point S1 1.0674
Daily Pivot Point S2 1.0638
Daily Pivot Point S3 1.0617
Daily Pivot Point R1 1.0731
Daily Pivot Point R2 1.0752
Daily Pivot Point R3 1.0787

Source: Fx Street

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