EUR/USD Price Analysis: A Breach Of 1.0830 Still Appears In Store
- EUR/USD keeps the inconclusive price action around 1.0900.
- Initial contention area emerges at recent lows near 1.0830.
EUR/USD trades in a vacillating fashion and with the upside so far limited by the 1.0900 zone on Friday.
The inability of the pair to regain a convincing upside traction, ideally in the very near term, could motivate sellers to force the pair to revisit recent lows near 1.0830 ahead of the interim support at the 100-day SMA at 1.0826.
Down from here, there are no support levels of significance until the May low of 1.0635 (May 31), which appears also underpinned by the key 200-day SMA, today at 1.0618.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0888 |
| Today Daily Change | 33 |
| Today Daily Change % | 0.00 |
| Today daily open | 1.0888 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0889 |
| Daily SMA50 | 1.086 |
| Daily SMA100 | 1.0826 |
| Daily SMA200 | 1.0615 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0901 |
| Previous Daily Low | 1.0834 |
| Previous Weekly High | 1.0977 |
| Previous Weekly Low | 1.0835 |
| Previous Monthly High | 1.1012 |
| Previous Monthly Low | 1.0662 |
| Daily Fibonacci 38.2% | 1.0875 |
| Daily Fibonacci 61.8% | 1.0859 |
| Daily Pivot Point S1 | 1.0847 |
| Daily Pivot Point S2 | 1.0807 |
| Daily Pivot Point S3 | 1.078 |
| Daily Pivot Point R1 | 1.0914 |
| Daily Pivot Point R2 | 1.0941 |
| Daily Pivot Point R3 | 1.0981 |
More By This Author:
Crude Oil Futures: Corrective Move In The Offing?USD Index Price Analysis: Next On The Upside Comes 103.50
USD Index Comes Under Pressure Near 103.20 Ahead Of Key Data
Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...
more
Comments
