EUR/USD Price Analysis: Euro ends the week in the green, hits highest since August


  • EUR/USD erased most of the intraday gains on Friday but ends the week mostly up. 
  • Resistance is seen at the 1.1155 and 1.1178 price levels. 
 

EUR/USD weekly chart

 
EUR/USD is trading in a weak bear trend below the main SMAs. The market is attempting to stabilize above the 1.1000 handle. A break above the 1.1200 handle would be seen as fairly bullish.
 
 

EUR/USD daily chart

 
After hitting its highest level since August 2019, EUR/USD erased gains and rejected the 200-day simple moving average (DMA). The market remains very choppy in the 1.1000-1.1200 zone. 
 

EUR/USD four-hour chart

 
The market might be creating a head-and-shoulders pattern. Therefore a retest of the 1.1155 level can be likely. However, a break below the 1.1090 support can lead to more weakness towards the 1.1062 and 1.1027 price levels, according to the Technical Confluences Indicator.  
      

Additional key levels

EUR/USD

Overview
Today last price 1.1117
Today Daily Change -0.0015
Today Daily Change % -0.13
Today daily open 1.1132
 
Trends
Daily SMA20 1.1063
Daily SMA50 1.1066
Daily SMA100 1.1066
Daily SMA200 1.1155
 
Levels
Previous Daily High 1.1154
Previous Daily Low 1.1103
Previous Weekly High 1.1116
Previous Weekly Low 1.1002
Previous Monthly High 1.1176
Previous Monthly Low 1.0981
Daily Fibonacci 38.2% 1.1123
Daily Fibonacci 61.8% 1.1135
Daily Pivot Point S1 1.1105
Daily Pivot Point S2 1.1078
Daily Pivot Point S3 1.1054
Daily Pivot Point R1 1.1157
Daily Pivot Point R2 1.1181
Daily Pivot Point R3 1.1208

 

 

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