EUR/USD Price Analysis: Decent support turned up around 1.2100


  • EUR/USD once again rebounds from the 1.2100 region.
  • There is a minor hurdle at the Fibo level at 1.2173.

Buyers seem to have regained the upper hand on Monday and push EUR/USD back above the 1.2100 barrier so far.

Extra gains need to, initially, clear the minor hurdle at 1.2173, where lies a Fibo level of the November-January rally. Further north comes in last week’s tops beyond the 1.2200 mark ahead of the May peaks in the 1.2260/70 and

On the broader view, the constructive stance on EUR/USD is forecast to remain intact as long as it trades above the 200-day SMA, today at 1.1988.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.2128
Today Daily Change 36
Today Daily Change % 0.17
Today daily open 1.2108
 
Trends
Daily SMA20 1.2187
Daily SMA50 1.2082
Daily SMA100 1.2043
Daily SMA200 1.1991
 
Levels
Previous Daily High 1.2193
Previous Daily Low 1.2093
Previous Weekly High 1.2218
Previous Weekly Low 1.2093
Previous Monthly High 1.2266
Previous Monthly Low 1.1986
Daily Fibonacci 38.2% 1.2131
Daily Fibonacci 61.8% 1.2155
Daily Pivot Point S1 1.2069
Daily Pivot Point S2 1.2031
Daily Pivot Point S3 1.1969
Daily Pivot Point R1 1.217
Daily Pivot Point R2 1.2232
Daily Pivot Point R3 1.227

 

 

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