EUR/USD Price Analysis: Immediately To The Upside Comes 1.1150

  • EUR/USD looks to add to Friday’s advance north of 1.1000.
  • Extra upside faces the next barrier at the weekly top around 1.1150.

EUR/USD climbs further and revisits the 1.1040 region, or daily highs, at the beginning of the week.

In light of the recent price action, the pair could see its selling pressure somewhat mitigated on a breakout of the weekly low of 1.1149 (July 27). Once this level is cleared, spot could the attempt a challenge of the 2023 top at 1.1275 (July 18).

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0723.
 

EUR/USD daily chart

(Click on image to enlarge)


EUR/USD

OVERVIEW
Today last price 1.1022
Today Daily Change 40
Today Daily Change % 0.04
Today daily open 1.1018
TRENDS
Daily SMA20 1.1061
Daily SMA50 1.0915
Daily SMA100 1.0905
Daily SMA200 1.0719
LEVELS
Previous Daily High 1.1048
Previous Daily Low 1.0944
Previous Weekly High 1.115
Previous Weekly Low 1.0944
Previous Monthly High 1.1012
Previous Monthly Low 1.0662
Daily Fibonacci 38.2% 1.1008
Daily Fibonacci 61.8% 1.0983
Daily Pivot Point S1 1.0958
Daily Pivot Point S2 1.0899
Daily Pivot Point S3 1.0854
Daily Pivot Point R1 1.1062
Daily Pivot Point R2 1.1107
Daily Pivot Point R3 1.1166

More By This Author:

EUR/USD Price Analysis: Not Out Of The Woods Yet
Natural Gas Futures: Further Retracement On The Cards
EUR/USD Price Analysis: Another Test Of 1.1020 Looks In The Pipeline

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 ...

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