EUR/USD Price Analysis: The Hunt For The 1.1150 Zone
- EUR/USD rebounds sharply and reclaims the area above 1.1000.
- Next on the upside comes the weekly top around 1.1150.
EUR/USD adds to Thursday’s advance and climbs to four-day highs north of the key 1.1000 barrier on Friday.
Further gains in the pair should meet the next hurdle at the weekly peak of 1.1149 (July 27). The surpass of this level should alleviate the downside pressure and allow for a potential move to the 2023 high at 1.1275 (July 18).
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0743.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.1021 |
| Today Daily Change | 90 |
| Today Daily Change % | 0.66 |
| Today daily open | 1.0949 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.1077 |
| Daily SMA50 | 1.0931 |
| Daily SMA100 | 1.0917 |
| Daily SMA200 | 1.0739 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0963 |
| Previous Daily Low | 1.0912 |
| Previous Weekly High | 1.115 |
| Previous Weekly Low | 1.0944 |
| Previous Monthly High | 1.1276 |
| Previous Monthly Low | 1.0834 |
| Daily Fibonacci 38.2% | 1.0944 |
| Daily Fibonacci 61.8% | 1.0932 |
| Daily Pivot Point S1 | 1.092 |
| Daily Pivot Point S2 | 1.0891 |
| Daily Pivot Point S3 | 1.0869 |
| Daily Pivot Point R1 | 1.097 |
| Daily Pivot Point R2 | 1.0992 |
| Daily Pivot Point R3 | 1.1021 |
More By This Author:
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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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