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  • A weaker US dollar first and a rally in the pound later, boosts EUR/USD further above 1.1300.  
  • Euro clearly back above the level it had before the ECB meeting.  

The EUR/USD pair gained momentum during the US session and broke above 1.1315 and then spiked to 1.1334, reaching the highest level in a week. Today the pair is rising for the fourth-day in-a-row and it has fully recovered from the losses that followed last week ECB meeting.  

Today’s new high was reached after the UK Parliament backed an amendment that ruled out a no-deal Brexit at any point, a move opposed by PM May’s government. The vote was 312 – 308. Bloomberg is reporting that “May plans to ask the EU for an extension to the March 29 Brexit deadline lasting about two months”, according to their sources.  

EUR/USD Technical levels  

The euro remains near the top with the positive tone intact, holding above the relevant 1.1315/20 area, that also contains the 20-day moving average. A close above could point to further gains for the pair, signaling a potential bottom at 1.1175 (last week low).  

A retreat back under 1.1270, on the contrary, could point to US dollar strength ahead and a potential test of the 1.1200 zone.  


       Today Last Price:  1.1329
       Today Daily change:  0.0042  pips
       Today Daily change %:  0.37%
       Today Daily Open:  1.1287
       Daily SMA20:  1.1315
       Daily SMA50:  1.1369
       Daily SMA100:  1.1371
       Daily SMA200:  1.1494
       Previous Daily High:  1.1308
       Previous Daily Low:  1.1244
       Previous Weekly High:  1.1388
       Previous Weekly Low:  1.1176
       Previous Monthly High:  1.1489
       Previous Monthly Low:  1.1234
       Daily Fibonacci 38.2%:  1.1283
       Daily Fibonacci 61.8%:  1.1268
       Daily Pivot Point S1:  1.1252
       Daily Pivot Point S2:  1.1217
       Daily Pivot Point S3:  1.1189
       Daily Pivot Point R1:  1.1315
       Daily Pivot Point R2:  1.1343
       Daily Pivot Point R3:  1.1378