EUR/USD looks north, having defended the 100-day Simple Moving average (SMA) support on Tuesday with a green long-tailed candle – evidence of dip demand.
The immediate resistance is seen at 1.2139 (50-day SMA), followed by the Feb. 25 high of 1.2243.
A daily close below the 100-day SMA, currently at 1.2024, would invalidate the bullish outlook.
The pair defended the 100-day SMA in early February, following which stronger buying pressure emerged, lifting the pair from 1.20 to 1.2243.
|Today last price||1.2088|
|Today Daily Change||-0.0001|
|Today Daily Change %||-0.01|
|Today daily open||1.2089|
|Previous Daily High||1.2094|
|Previous Daily Low||1.1992|
|Previous Weekly High||1.2243|
|Previous Weekly Low||1.2065|
|Previous Monthly High||1.2243|
|Previous Monthly Low||1.1952|
|Daily Fibonacci 38.2%||1.2055|
|Daily Fibonacci 61.8%||1.2031|
|Daily Pivot Point S1||1.2023|
|Daily Pivot Point S2||1.1956|
|Daily Pivot Point S3||1.192|
|Daily Pivot Point R1||1.2125|
|Daily Pivot Point R2||1.2161|
|Daily Pivot Point R3||1.2228|
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