- The pair met decent support in the mid-1.1400s at the beginning of the week. This zone is reinforced by the 10-day SMA and the 38.2% Fibo retracement of the September-November drop around 1.1440/45.
- The recent inability to sustain a break above 1.1500 the figure opened the door for extra consolidation in the short-term horizon. In this regard, the 100-day SMA near 1.1480 remains a tough nut to crack.
- A sustained move above recent highs beyond the 1.1500 handle is thus key to allow a potential re-visit of the 1.1600 barrier and above.
EUR/USD daily chart
EUR/USD
Overview:
Today Last Price: 1.1459
Today Daily change: -10 pips
Today Daily change %: -0.0872%
Today Daily Open: 1.1469
Trends:
Previous Daily SMA20: 1.1429
Previous Daily SMA50: 1.1385
Previous Daily SMA100: 1.1474
Previous Daily SMA200: 1.1623
Levels:
Previous Daily High: 1.1484
Previous Daily Low: 1.145
Previous Weekly High: 1.1571
Previous Weekly Low: 1.1396
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Previous Daily Fibonacci 38.2%: 1.1471
Previous Daily Fibonacci 61.8%: 1.1463
Previous Daily Pivot Point S1: 1.1452
Previous Daily Pivot Point S2: 1.1435
Previous Daily Pivot Point S3: 1.1419
Previous Daily Pivot Point R1: 1.1485
Previous Daily Pivot Point R2: 1.1501
Previous Daily Pivot Point R3: 1.1518
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