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  • The pair keeps the up move unabated so far this week, moving higher to the mid-1.1300s and targeting the 1.1360/65 band, where are located the 55-day and 100-day SMAs.
  • Further north emerges the key 5-month resistance line at 1.1426, coincident with late February peaks. This area is regarded as the last defence for a test of the 1.1500 neighbourhood and possibly beyond.
  • Looking at the broader scenario, a test of YTD lows in the 1.1180/75 band remains on the cards as long as the multi-month resistance line holds the upside.

EUR/USD daily chart

EUR/USD

Overview:
       Today Last Price:  1.1347
       Today Daily change:  22  pips
       Today Daily change %:  0.06%
       Today Daily Open:  1.134
Trends:
       Daily SMA20:  1.1321
       Daily SMA50:  1.1363
       Daily SMA100:  1.1368
       Daily SMA200:  1.1485
Levels:
       Previous Daily High:  1.136
       Previous Daily Low:  1.1318
       Previous Weekly High:  1.1346
       Previous Weekly Low:  1.1222
       Previous Monthly High:  1.1489
       Previous Monthly Low:  1.1234
       Daily Fibonacci 38.2%:  1.1344
       Daily Fibonacci 61.8%:  1.1335
       Daily Pivot Point S1:  1.1319
       Daily Pivot Point S2:  1.1298
       Daily Pivot Point S3:  1.1277
       Daily Pivot Point R1:  1.1361
       Daily Pivot Point R2:  1.1382
       Daily Pivot Point R3:  1.1403