EUR/USD Asia Price Forecast: Euro parked below the 1.0900 handle vs. US dollar


  • EUR/USD rebounded from the April’s lows while now trading just below the 1.0900 figure.
  • The retracement up can extend towards 1.0970 and 1.1044 price levels. 
 

EUR/USD daily chart 

 
EUR/USD is bouncing from the 1.0800 figure while trading below the main DMA (daily simple moving average) as DXY (US dollar index) is taking a breather on Tuesday. 
 

EUR/USD four-hour chart

 
EUR/USD is trading just below the1.0920 resistance near the 100 SMA on the four-hour chart as the quote rebounded from the April’s lows. A bull breakout beyond the above-mentioned level should lead to further gains towards the 1.0970 and 1.1044 price levels while support can emerge near the 1.0885, 1.0839 and 1.0800 levels. 
 
 
Resistance: 1.0920, 1.0970, 1.1044
Support: 1.0885, 1.0839, 1.0800
 
 

Additional key levels

EUR/USD

Overview
Today last price 1.0895
Today Daily Change 0.0102
Today Daily Change % 0.95
Today daily open 1.0793
 
Trends
Daily SMA20 1.0969
Daily SMA50 1.0982
Daily SMA100 1.1042
Daily SMA200 1.1069
 
Levels
Previous Daily High 1.0836
Previous Daily Low 1.0768
Previous Weekly High 1.1144
Previous Weekly Low 1.0773
Previous Monthly High 1.1497
Previous Monthly Low 1.0636
Daily Fibonacci 38.2% 1.0794
Daily Fibonacci 61.8% 1.081
Daily Pivot Point S1 1.0762
Daily Pivot Point S2 1.0732
Daily Pivot Point S3 1.0695
Daily Pivot Point R1 1.0829
Daily Pivot Point R2 1.0866
Daily Pivot Point R3 1.0896

 

 

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