EUR/USD Price Analysis: Interim Contention Emerges Near 1.0650

  • EUR/USD comes under pressure following Monday’s tops.
  • Further decline could revisit the 1.0650 zone in the near term.
  • EUR/USD faces increasing selling pressure and returns to the sub-1.0700 region after hitting new highs near 1.0750 at the beginning of the week.In case the downward bias picks up extra pace, the pair could extend the pullback to the 55-day SMA near 1.0650, which is expected to provide temporary contention.In the meantime, while below the 200-day SMA at 1.0804, the pair’s outlook should remain negative.
     EUR/USD daily chart


    OVERVIEW Today last price 1.0669 Today Daily Change 57 Today Daily Change % -0.48 Today daily open 1.072 TRENDS Daily SMA20 1.0595 Daily SMA50 1.0636 Daily SMA100 1.0805 Daily SMA200 1.0806 LEVELS Previous Daily High 1.0756 Previous Daily Low 1.0718 Previous Weekly High 1.0747 Previous Weekly Low 1.0517 Previous Monthly High 1.0695 Previous Monthly Low 1.0448 Daily Fibonacci 38.2% 1.0732 Daily Fibonacci 61.8% 1.0742 Daily Pivot Point S1 1.0706 Daily Pivot Point S2 1.0693 Daily Pivot Point S3 1.0668 Daily Pivot Point R1 1.0745 Daily Pivot Point R2 1.077 Daily Pivot Point R3 1.0784

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