EUR/USD Price Analysis: We may see further losses while below 1.0804

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  • EUR/USD rebounds and recovers 1.0600.
  • The weekly high on Feb 14 just above 1.0800 caps the upside so far.

He EUR/USD manages to generate some bullish traction and recaptures the area above 1.0600 ahead of Thursday’s ECB announcement, hitting a fresh daily high at 1.0635.

Meanwhile, the occasional upside should break the weekly high of 1.0804 (Feb 14) to allow the short-term uptrend to continue.

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Looking to the longer term, the bullish view remains as long as EUR/USD is above the 200-day SMA at 1.0323 today.

EUR/USD daily chart

EUR/USD Technical Levels


Last Price Today 1.0588
Today’s Daily Change 0.0011
Today’s Daily Change % 0.10
Today’s Daily Open 1.0577
20 Daily SMA 1.0629
SMA of 50 Daily 1.0726
SMA of 100 Daily 1.0556
SMA of 200 Daily 1.0325
Previous Daily High 1,076
Minimum Previous Daily 1.0516
Previous Weekly High 1.0701
Previous Weekly Minimum 1.0524
Maximum Prior Monthly 1.1033
Minimum Prior Monthly 1.0533
Daily Fibonacci 38.2% 1.0609
Daily Fibonacci 61.8% 1.0667
Daily Pivot Point S1 1.0475
Daily Pivot Point S2 1.0374
Daily Pivot Point S3 1.0232
Daily Pivot Point R1 1.0719
Daily Pivot Point R2 1.0861
Daily Pivot Point R3 1.0963

Source: Fx Street

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