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

 

 

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