EUR/USD Asia Price Forecast: Euro advances to 6-day’s highs, challenges 1.1060 level

EUR/USD retracement up challenges the 1.1060 resistance and the 100 SMA on the four-hour chart.
The next levels of resistance are seen near 1.1100 and 1.1163.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD bounces sharply from the 2020 lows while challenging the 100 SMA on the four-hour chart. This Thursday the correction up accelerated and broke above the 1.1000 psychological level.

EUR/USD four-hour chart

EUR/USD is challenging the 1.1060 resistance and the 100 SMA on the four-hour chart. As the market gained considerable momentum the spot could continue to trade higher towards the 1.1100 and 1.1163 price levels in the medium term while support can be expected near the 1.1014, 1.0980 and 1.0900 levels, according to the Technical Confluences Indicator.

Resistance: 1.1060, 1.1100, 1.1163

Support: 1.1014, 1.0980, 1.0900

Additional key levels

EUR/USD

Overview
Today last price	1.1031
Today Daily Change	0.0149
Today Daily Change %	1.37
Today daily open	1.0882

Trends
Daily SMA20	1.1059
Daily SMA50	1.1001
Daily SMA100	1.1048
Daily SMA200	1.1085

Levels
Previous Daily High	1.0894
Previous Daily Low	1.0761
Previous Weekly High	1.1237
Previous Weekly Low	1.0638
Previous Monthly High	1.1089
Previous Monthly Low	1.0778
Daily Fibonacci 38.2%	1.0843
Daily Fibonacci 61.8%	1.0812
Daily Pivot Point S1	1.0797
Daily Pivot Point S2	1.0712
Daily Pivot Point S3	1.0664
Daily Pivot Point R1	1.0931
Daily Pivot Point R2	1.0979
Daily Pivot Point R3	1.1064

Author

Flavio Tosti

Independent Analyst

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