EUR/USD Price Analysis: Further Gains Favored Beyond 1.0930
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- EUR/USD keeps the weekly bullish tone unchanged on Thursday.
- If the recovery picks up pace it could revisit the 1.0930 zone.
EUR/USD climbs to weekly highs in the 1.0880/85 band on Thursday, extending the bounce for the fourth session in a row.
The likelihood of extra advances appears favored for the time being. Against that, the pair could now set sail to the March peak at 1.0929 (March 23) before a potential test of 2023 high at 1.1032 (February 2).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0338.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0878 |
| Today Daily Change | 61 |
| Today Daily Change % | 0.31 |
| Today daily open | 1.0844 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0698 |
| Daily SMA50 | 1.073 |
| Daily SMA100 | 1.0639 |
| Daily SMA200 | 1.0338 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0871 |
| Previous Daily Low | 1.0818 |
| Previous Weekly High | 1.093 |
| Previous Weekly Low | 1.0631 |
| Previous Monthly High | 1.1033 |
| Previous Monthly Low | 1.0533 |
| Daily Fibonacci 38.2% | 1.0851 |
| Daily Fibonacci 61.8% | 1.0838 |
| Daily Pivot Point S1 | 1.0818 |
| Daily Pivot Point S2 | 1.0791 |
| Daily Pivot Point S3 | 1.0764 |
| Daily Pivot Point R1 | 1.0871 |
| Daily Pivot Point R2 | 1.0898 |
| Daily Pivot Point R3 | 1.0925 |
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