EUR/USD Price Analysis: Initial Hurdle Comes At 1.1250
- EUR/USD now gives away some gains following new tops near 1.1250.
- A technical correction seems to be shaping up.
EUR/USD comes under pressure and puts the 1.1200 region to the test on Monday.
While the continuation of the upside momentum appears favoured in the very near term, the pair’s current overbought conditions might spark a corrective knee-jerk. Further north of the 2023 top at 1.1248 (July 17), the pair is expected to meet the next resistance level of note at the 2022 high of 1.1495 recorded on February 10.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0658.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.1222 |
| Today Daily Change | 45 |
| Today Daily Change % | -0.04 |
| Today daily open | 1.1227 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0966 |
| Daily SMA50 | 1.087 |
| Daily SMA100 | 1.0854 |
| Daily SMA200 | 1.0653 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.1245 |
| Previous Daily Low | 1.1204 |
| Previous Weekly High | 1.1245 |
| Previous Weekly Low | 1.0944 |
| Previous Monthly High | 1.1012 |
| Previous Monthly Low | 1.0662 |
| Daily Fibonacci 38.2% | 1.1229 |
| Daily Fibonacci 61.8% | 1.122 |
| Daily Pivot Point S1 | 1.1206 |
| Daily Pivot Point S2 | 1.1185 |
| Daily Pivot Point S3 | 1.1165 |
| Daily Pivot Point R1 | 1.1247 |
| Daily Pivot Point R2 | 1.1266 |
| Daily Pivot Point R3 | 1.1287 |
More By This Author:
USD Index Fades The Uptick To The 100.00 RegionNatural Gas Futures: A Deeper Retracement Seems On The Table
EUR/USD Price Analysis: The 1.1200 Barrier Is Just Around The Corner
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
