EUR/USD Price Analysis: Immediately To The Upside Comes 1.0640
- EUR/USD reverses two daily drops in a row and revisits 1.0550.
- The surpass of 1.0600 should open the door to extra gains.
EUR/USD sets aside two consecutive daily pullbacks and retests the mid-1.0500s at the beginning of the week.
In case bulls maintain control, the pair should retarget the 1.0600 barrier ahead of the weekly high of 1.0639 (October 12).
Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA, today at 1.0822.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0534 |
| Today Daily Change | 37 |
| Today Daily Change % | 0.22 |
| Today daily open | 1.0511 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0578 |
| Daily SMA50 | 1.073 |
| Daily SMA100 | 1.0833 |
| Daily SMA200 | 1.0825 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0558 |
| Previous Daily Low | 1.0496 |
| Previous Weekly High | 1.064 |
| Previous Weekly Low | 1.0496 |
| Previous Monthly High | 1.0882 |
| Previous Monthly Low | 1.0488 |
| Daily Fibonacci 38.2% | 1.052 |
| Daily Fibonacci 61.8% | 1.0534 |
| Daily Pivot Point S1 | 1.0485 |
| Daily Pivot Point S2 | 1.0459 |
| Daily Pivot Point S3 | 1.0422 |
| Daily Pivot Point R1 | 1.0548 |
| Daily Pivot Point R2 | 1.0585 |
| Daily Pivot Point R3 | 1.0611 |
More By This Author:
EUR/JPY Price Analysis: Firm Resistance Remains Around 158.60Natural Gas Futures: Further Losses In The Pipeline
Crude Oil Futures: There Is Room For Further Decline
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
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
