EUR/USD Price Analysis: Further Upside Targets The 1.1010 Area
- EUR/USD struggles to gather traction above 1.0900.
- Extra gains should challenge the area above 1.1000.
EUR/USD reverses the earlier pullback and looks to consolidate the break above 1.0900 the figure on Monday.
Price action around the pair looks firmer for the time being. That said, the next resistance level of note comes at the psychological 1.1000 barrier ahead of the June peak at 1.1012 (June 22). North from here, the pair is expected to embark on a move to 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 1.0596.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0908 |
| Today Daily Change | 48 |
| Today Daily Change % | -0.02 |
| Today daily open | 1.091 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0857 |
| Daily SMA50 | 1.0871 |
| Daily SMA100 | 1.0819 |
| Daily SMA200 | 1.0591 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0932 |
| Previous Daily Low | 1.0835 |
| Previous Weekly High | 1.0977 |
| Previous Weekly Low | 1.0835 |
| Previous Monthly High | 1.1012 |
| Previous Monthly Low | 1.0662 |
| Daily Fibonacci 38.2% | 1.0895 |
| Daily Fibonacci 61.8% | 1.0872 |
| Daily Pivot Point S1 | 1.0853 |
| Daily Pivot Point S2 | 1.0796 |
| Daily Pivot Point S3 | 1.0756 |
| Daily Pivot Point R1 | 1.095 |
| Daily Pivot Point R2 | 1.0989 |
| Daily Pivot Point R3 | 1.1046 |
More By This Author:
Natural Gas Futures: Corrective Move In StoreEuro Looks Weaker And Breaks Below 1.0900
EUR/USD Price Analysis: Temporary Contention Emerges Near 1.0880
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
