EUR/USD Price Analysis: Further Weakness Could Revisit 1.0500

– EUR/USD accelerates its losses to weekly lows near 1.0660.- The next support of note emerges at 1.0650 ahead of 1.0500. retreats further and approaches the transitory 55-day SMA near 1.0650 on Wednesday.In case the downward bias picks up extra pace, the next relevant contention is expected to emerge around the 1.0500 neighborhood in the short-term horizon.In the meantime, while below the 200-day SMA at 1.0802, the pair’s outlook should remain negative.
 EUR/USD daily chart

EUR/USD

OVERVIEW Today last price 1.0669 Today Daily Change 40 Today Daily Change % -0.24 Today daily open 1.0695 TRENDS Daily SMA20 1.06 Daily SMA50 1.0632 Daily SMA100 1.0803 Daily SMA200 1.0806 LEVELS Previous Daily High 1.0724 Previous Daily Low 1.0664 Previous Weekly High 1.0747 Previous Weekly Low 1.0517 Previous Monthly High 1.0695 Previous Monthly Low 1.0448 Daily Fibonacci 38.2% 1.0687 Daily Fibonacci 61.8% 1.0701 Daily Pivot Point S1 1.0665 Daily Pivot Point S2 1.0635 Daily Pivot Point S3 1.0606 Daily Pivot Point R1 1.0724 Daily Pivot Point R2 1.0753 Daily Pivot Point R3 1.0783

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