EUR/USD New York Price Forecast: Euro trading in 5-day’s highs, nearing 1.1000 figure


  • EUR/USD retracement up challenges the 1.0978 resistance and the 200 SMA on the four-hour chart.
  • The next levels of resistance are seen near 1.1012 and 1.1065.
 

EUR/USD daily chart 

 
EUR/USD correction continues for the fourth consecutive day with the spot approaching the 1.1000 handle and the 50 SMA on the daily time frame.  
 

EUR/USD four-hour chart

 
 
EUR/USD is challenging the 1.0978 resistance located near the 200 SMA on the four-hour chart. The momentum in the correction up remains unabated. A break beyond the above-mentioned level should lead to further upside towards the 1.1012 and 1.1065 in the near term. However, as the underlying tone remains bearish a reversal down cannot be ruled out. Support can be expected near the 1.0921, 1.0898 and 1.0852 levels according to the Technical Confluences Indicator.
 
 
 
Resistance: 1.0978, 1.1012, 1.1065
Support: 1.0921, 1.0898, 1.0852
 
 

Additional key levels

EUR/USD

Overview
Today last price 1.0957
Today Daily Change 0.0075
Today Daily Change % 0.69
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

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD battles 1.21 after mixed US data

EUR/USD is trading above 1.21, choppy after US retail sales missed estimates with a drop of 1.3% but on top of upward revisions. Increases in producer prices accelerated last month.

EUR/USD News

GBP/USD bounces off two-month lows

GBP/USD has bounced off the fresh two-month low of 1.4034 but remains depressed. The delay in Britain's reopening is outweighing upbeat UK job figures. Tension is mounting ahead of the Fed.

GBP/USD News

XAU/USD looks to $1880 after recapturing $1858

Gold price is attempting a minor recovery above $1850, although the bulls appear to lack conviction, as the US dollar continues to hover near monthly highs.

Gold News

Bitcoin continues to range higher, but altcoins suffer

Bitcoin price has experienced a 32% upswing over the past six days and might retrace to gather more steam. Ethereum price performance is lackluster as it rallied roughly 17% in the same period as BTC.

Read more

Tesla still stuck in first gear

Tesla stock recovered last week as some investor enthusiasm finally returned to the stock with the release of the new Model S Plaid at Tesla's Freemont factory.

Read more

Forex MAJORS

Cryptocurrencies

Signatures