EUR/USD Price Analysis: Another visit to the February low is not ruled out

• EUR/USD keeps the current side-lined trade unchanged.
• Immediately to the downside appears the monthly low near 1.0610.

EUR/USD trades without direction in the sub-1.0700 region at the beginning of the week.

If sellers regain the upper hand, pair could slip back to the February low at 1.0612 (February 17) in the near term. The breach of this level could see a potential test of the 2023 low at 1.0481 (January 6) emerge on the horizon.

So far, the bearish sentiment is expected to persist as long as the 3-month resistance line, today near 1.0890, caps the upside.

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0328.

EUR/USD daily chart

EUR/USD

OVERVIEW
Today last price	1.0689
Today Daily Change	-0.0006
Today Daily Change %	-0.06
Today daily open	1.0695

TRENDS
Daily SMA20	1.0797
Daily SMA50	1.0725
Daily SMA100	1.0412
Daily SMA200	1.0329

LEVELS
Previous Daily High	1.0698
Previous Daily Low	1.0613
Previous Weekly High	1.0805
Previous Weekly Low	1.0613
Previous Monthly High	1.093
Previous Monthly Low	1.0483
Daily Fibonacci 38.2%	1.0666
Daily Fibonacci 61.8%	1.0646
Daily Pivot Point S1	1.0639
Daily Pivot Point S2	1.0583
Daily Pivot Point S3	1.0553
Daily Pivot Point R1	1.0724
Daily Pivot Point R2	1.0754
Daily Pivot Point R3	1.081