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EUR/USD Technical Analysis: Further upside should target the 1.1600 barrier and above

  • The pessimism around the greenback pushed EUR/USD to fresh 2019 tops in the 1.1570 region, opening the door to further gains in the near term horizon.
  • The short-term constructive outlook around the pair is expected to remain in place while above the 2-month support line, today at 1.1315.
  • The continuation of the up move should meet the next relevant hurdle in the 1.1620/30 band, where sit October’s peak and the critical 200-day SMA.

EUR/USD daily chart

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:
       Today Last Price:  1.1546
       Today Daily change:  -8.0  pips
       Today Daily change %:  -0.0692%
       Today Daily Open:  1.1554
Trends:
       Previous Daily SMA20:  1.1408
       Previous Daily SMA50:  1.1381
       Previous Daily SMA100:  1.1478
       Previous Daily SMA200:  1.1635
Levels:
       Previous Daily High:  1.1558
       Previous Daily Low:  1.1435
       Previous Weekly High:  1.1586
       Previous Weekly Low:  1.1309
       Previous Monthly High:  1.1486
       Previous Monthly Low:  1.1269
       Previous Daily Fibonacci 38.2%:  1.1511
       Previous Daily Fibonacci 61.8%:  1.1482
       Previous Daily Pivot Point S1:  1.1473
       Previous Daily Pivot Point S2:  1.1392
       Previous Daily Pivot Point S3:  1.135
       Previous Daily Pivot Point R1:  1.1597
       Previous Daily Pivot Point R2:  1.1639
       Previous Daily Pivot Point R3:  1.172

 

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