EUR/USD Price Analysis: Decent support comes in around 1.2050

EUR/USD stays choppy in the upper end of the recent range.
So far, sellers met a tough barrier around the mid-1.2000s.

Pablo Piovano FXStreet

EUR/USD alternates gains with losses below the 1.2100 mark ahead of the FOMC event so far on Wednesday.

In the near-term, a surpass of Monday’s monthly peaks in the 1.2115/20 band carries the potential to accelerate the upside to the February’s top at 1.2243. On the downside, near-term support is located around 1.2050.

Above the 200-day SMA (1.1930) the outlook for EUR/USD is predicted to remain bullish.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.2067
Today Daily Change	37
Today Daily Change %	-0.19
Today daily open	1.209

Trends
Daily SMA20	1.1941
Daily SMA50	1.1955
Daily SMA100	1.2056
Daily SMA200	1.1936

Levels
Previous Daily High	1.2093
Previous Daily Low	1.2057
Previous Weekly High	1.21
Previous Weekly Low	1.1943
Previous Monthly High	1.2113
Previous Monthly Low	1.1704
Daily Fibonacci 38.2%	1.2079
Daily Fibonacci 61.8%	1.2071
Daily Pivot Point S1	1.2067
Daily Pivot Point S2	1.2044
Daily Pivot Point S3	1.203
Daily Pivot Point R1	1.2103
Daily Pivot Point R2	1.2116
Daily Pivot Point R3	1.2139

Author

Pablo Piovano

FXStreet

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

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