EUR/USD Price Analysis: Next Up Barrier Of Note Comes At 2023 High

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  • EUR/USD fades the earlier bull run to new tops near 1.0940.
  • Bulls now shift their attention to the YTD peak near 1.1030.

EUR/USD climbs to new multi-week highs near 1.0940 and deflates afterward following a late bounce in the dollar.

The likelihood of extra advances appears favored for the time being. Against that, the pair needs to clear the April high at 1.0938 (April 4) 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 1.0343.
 

EUR/USD daily chart

(Click on image to enlarge)


EUR/USD

OVERVIEW
Today last price 1.0893
Today Daily Change 56
Today Daily Change % -0.04
Today daily open 1.0897
TRENDS
Daily SMA20 1.0735
Daily SMA50 1.0732
Daily SMA100 1.0657
Daily SMA200 1.0343
LEVELS
Previous Daily High 1.0917
Previous Daily Low 1.0788
Previous Weekly High 1.0926
Previous Weekly Low 1.0745
Previous Monthly High 1.093
Previous Monthly Low 1.0516
Daily Fibonacci 38.2% 1.0868
Daily Fibonacci 61.8% 1.0837
Daily Pivot Point S1 1.0818
Daily Pivot Point S2 1.0739
Daily Pivot Point S3 1.0689
Daily Pivot Point R1 1.0946
Daily Pivot Point R2 1.0996
Daily Pivot Point R3 1.1075

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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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