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EUR/USD Price Analysis: Bulls need to clear the 55-day SMA

  • EUR/USD regains some buying interest beyond 1.0600.
  • There is an initial up-barrier at the 55-day SMA near 1.0715.

EUR/USD pick up pace and reverses, albeit partially, Thursday’s decline at the end of the week.

Occasional bullish attempts need to clear the provisional hurdle at the 55-day SMA, today at 1.0714, to allow for extra gains to, initially, the weekly top at 1.0804 (February 14).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0326.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0616
Today Daily Change35
Today Daily Change %0.15
Today daily open1.06
 
Trends
Daily SMA201.0671
Daily SMA501.0726
Daily SMA1001.0487
Daily SMA2001.0329
 
Levels
Previous Daily High1.0673
Previous Daily Low1.0577
Previous Weekly High1.0705
Previous Weekly Low1.0536
Previous Monthly High1.1033
Previous Monthly Low1.0533
Daily Fibonacci 38.2%1.0613
Daily Fibonacci 61.8%1.0636
Daily Pivot Point S11.056
Daily Pivot Point S21.052
Daily Pivot Point S31.0464
Daily Pivot Point R11.0657
Daily Pivot Point R21.0713
Daily Pivot Point R31.0753

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

More from Pablo Piovano
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