- EUR/USD climbs to multi-month highs near 1.0500.
- Extra gains look likely beyond the 1.0500 hurdle.
EUR/USD picks up extra upside traction and pokes with the key barrier at 1.0500 the figure on Monday.
Once 1.0500 is cleared, the pair is expected to refocus on the weekly peak at 1.0614 (June 27) ahead of the June top at 1.0773 (June 9) and the May high at 1.0786 (May 30).
Above the 200-day Simple Moving Average (SMA) (1.0382), the pair’s outlook should remain constructive.
EUR/USD daily chart
|Today last price||1.0449|
|Today Daily Change||155|
|Today Daily Change %||0.38|
|Today daily open||1.0409|
|Previous Daily High||1.0429|
|Previous Daily Low||1.0355|
|Previous Weekly High||1.0449|
|Previous Weekly Low||1.0223|
|Previous Monthly High||1.0094|
|Previous Monthly Low||0.9632|
|Daily Fibonacci 38.2%||1.0383|
|Daily Fibonacci 61.8%||1.0401|
|Daily Pivot Point S1||1.0366|
|Daily Pivot Point S2||1.0323|
|Daily Pivot Point S3||1.0292|
|Daily Pivot Point R1||1.0441|
|Daily Pivot Point R2||1.0472|
|Daily Pivot Point R3||1.0515|
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