EUR/USD Price Analysis: A More Convincing Upside Needs To Clear 1.1012
- EUR/USD remains stuck within a tight range near 1.0900.
- The continuation of the upside initially targets the June top.
EUR/USD navigates within a narrow range around the 1.0900 zone on the back of reduced trade conditions in response to the US Independence Day holiday.
Price action around the pair looks vacillating for the time being. Against that, spot needs to clear the June peak at 1.1012 (June 22), ideally in the near term, to allow for the resumption of the uptrend and a potential challenge of the 2023 top just below 1.1100 (April 26).
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0602.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0901 |
| Today Daily Change | 27 |
| Today Daily Change % | -0.10 |
| Today daily open | 1.0912 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0867 |
| Daily SMA50 | 1.0869 |
| Daily SMA100 | 1.0821 |
| Daily SMA200 | 1.0597 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0934 |
| Previous Daily Low | 1.087 |
| Previous Weekly High | 1.0977 |
| Previous Weekly Low | 1.0835 |
| Previous Monthly High | 1.1012 |
| Previous Monthly Low | 1.0662 |
| Daily Fibonacci 38.2% | 1.091 |
| Daily Fibonacci 61.8% | 1.0895 |
| Daily Pivot Point S1 | 1.0876 |
| Daily Pivot Point S2 | 1.0842 |
| Daily Pivot Point S3 | 1.0813 |
| Daily Pivot Point R1 | 1.094 |
| Daily Pivot Point R2 | 1.0969 |
| Daily Pivot Point R3 | 1.1004 |
More By This Author:
USD Index Treads Water Around The 103.00 RegionEUR/USD Price Analysis: Further Upside Targets The 1.1010 Area
Natural Gas Futures: Corrective Move In Store
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
