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EUR/USD Price Analysis: Euro clings to 3.5-week’s high, trades above 1.1000 figure

EUR/USD bull recovery from 34-month lows remains intact.
The level to beat for bulls is the 1.1047 resistance.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading in a bear trend below the main daily simple moving averages (SMAs). However, the quote is sharply reversing up from 34-month lows while challenging the 50 and 100 SMA on the daily chart.

EUR/USD four-hour chart

EUR/USD is challenging the 1.1047 resistance while above the main SMAs on the four-hour chart. The bulls stay in control suggesting that the greenback could extend its up move towards the 1.1085 and 1.1143 levels, according to the Technical Confluences Indicator. Support can be expected near the 1.1006 and 1.0960 price levels.

Resistance: 1.1047, 1.1085, 1.1143

Support: 1.1006, 1.0960, 1.0915

Additional key levels

EUR/USD

Overview
Today last price	1.1038
Today Daily Change	0.0045
Today Daily Change %	0.41
Today daily open	1.0993

Trends
Daily SMA20	1.091
Daily SMA50	1.1031
Daily SMA100	1.1056
Daily SMA200	1.11

Levels
Previous Daily High	1.1006
Previous Daily Low	1.0877
Previous Weekly High	1.0864
Previous Weekly Low	1.0778
Previous Monthly High	1.1225
Previous Monthly Low	1.0992
Daily Fibonacci 38.2%	1.0957
Daily Fibonacci 61.8%	1.0926
Daily Pivot Point S1	1.0911
Daily Pivot Point S2	1.083
Daily Pivot Point S3	1.0783
Daily Pivot Point R1	1.104
Daily Pivot Point R2	1.1088
Daily Pivot Point R3	1.1169

Author

Flavio Tosti

Independent Analyst

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