EUR/USD Price Analysis: Further Gains Favored Beyond 1.0930

red and blue light streaks

 Photo by Maxim Hopman on Unsplash

  • 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)


Today last price 1.0878
Today Daily Change 61
Today Daily Change % 0.31
Today daily open 1.0844
Daily SMA20 1.0698
Daily SMA50 1.073
Daily SMA100 1.0639
Daily SMA200 1.0338
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

More By This Author:

Natural Gas Futures: Some Consolidation Appears On The Cards Near Term
EUR/USD Comes Under Pressure Near 1.0850
Crude Oil Futures: Upside Momentum Could Take A Breather

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 ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.