EUR/USD Price Analysis: The Surpass Of 1.0713 Exposes 1.0736
- EUR/USD adds to the upside momentum near 1.0700.
- Extra gains initially target the weekly high at 1.0713.
EUR/USD picks up extra upside traction and flirts with the 1.0700 barrier at the beginning of the week.
If the recovery gathers extra steam, then the pair should challenge the weekly top at 1.0713 (December 30). Once cleared, the next hurdle of relevance is seen at the December 2022 peak at 1.0736 (December 15).
In the meantime, further gains remain in store for the pair while above the 200-day SMA at 1.0310.
EUR/USD daily chart
(Click on image to enlarge)
| OVERVIEW | |
|---|---|
| Today last price | 1.0684 |
| Today Daily Change | 63 |
| Today Daily Change % | 0.36 |
| Today daily open | 1.0646 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0616 |
| Daily SMA50 | 1.041 |
| Daily SMA100 | 1.015 |
| Daily SMA200 | 1.0314 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0648 |
| Previous Daily Low | 1.0483 |
| Previous Weekly High | 1.071 |
| Previous Weekly Low | 1.0483 |
| Previous Monthly High | 1.0736 |
| Previous Monthly Low | 1.0393 |
| Daily Fibonacci 38.2% | 1.0585 |
| Daily Fibonacci 61.8% | 1.0546 |
| Daily Pivot Point S1 | 1.0537 |
| Daily Pivot Point S2 | 1.0427 |
| Daily Pivot Point S3 | 1.0372 |
| Daily Pivot Point R1 | 1.0702 |
| Daily Pivot Point R2 | 1.0757 |
| Daily Pivot Point R3 | 1.0867 |
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