EUR/USD Price Analysis: Euro bounces and challenges 1.0900 figure


  • EUR/USD is rebounding from the April’s lows while challenging the 1.0900 figure.
  • The correction up can extend towards 1.0970 and 1.1044 price levels. 
 

EUR/USD daily chart 

 
EUR/USD is rebounding from the 1.0800 figure while trading below its main DMA (daily simple moving average) as DXY (US dollar index) is losing steam this Tuesday.
 

EUR/USD four-hour chart

 
EUR/USD is challenging the 1.0920 resistance near the 50/100 SMAs on the four-hour chart as the spot is rebounding from the April’s lows. A break above the above-mentioned level could lead to further advances towards the 1.0970 and 1.1044 price levels while support can be expected near the 1.0885, 1.0839 and 1.0800 levels. 
 
  
Resistance: 1.0920, 1.0970, 1.1044
Support: 1.0885, 1.0839, 1.0800
 
 

Additional key levels

EUR/USD

Overview
Today last price 1.0906
Today Daily Change 0.0113
Today Daily Change % 1.05
Today daily open 1.0793
 
Trends
Daily SMA20 1.0969
Daily SMA50 1.0982
Daily SMA100 1.1042
Daily SMA200 1.1069
 
Levels
Previous Daily High 1.0836
Previous Daily Low 1.0768
Previous Weekly High 1.1144
Previous Weekly Low 1.0773
Previous Monthly High 1.1497
Previous Monthly Low 1.0636
Daily Fibonacci 38.2% 1.0794
Daily Fibonacci 61.8% 1.081
Daily Pivot Point S1 1.0762
Daily Pivot Point S2 1.0732
Daily Pivot Point S3 1.0695
Daily Pivot Point R1 1.0829
Daily Pivot Point R2 1.0866
Daily Pivot Point R3 1.0896

 

EUR/USD

Overview
Today last price 1.0906
Today Daily Change 0.0113
Today Daily Change % 1.05
Today daily open 1.0793
 
Trends
Daily SMA20 1.0969
Daily SMA50 1.0982
Daily SMA100 1.1042
Daily SMA200 1.1069
 
Levels
Previous Daily High 1.0836
Previous Daily Low 1.0768
Previous Weekly High 1.1144
Previous Weekly Low 1.0773
Previous Monthly High 1.1497
Previous Monthly Low 1.0636
Daily Fibonacci 38.2% 1.0794
Daily Fibonacci 61.8% 1.081
Daily Pivot Point S1 1.0762
Daily Pivot Point S2 1.0732
Daily Pivot Point S3 1.0695
Daily Pivot Point R1 1.0829
Daily Pivot Point R2 1.0866
Daily Pivot Point R3 1.0896

 

 

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