EUR/USD Price Analysis: Euro gets Friday bounce, ends the week near 1.0870 level

EUR/USD bounces on Friday and remains confined within range.
Immediate resistance can emerge near 1.0845 and 1.0920 levels.

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is trading below the main SMAs on the daily chart as the spot rebounds modestly before reaching the 1.0800 figure.

EUR/USD four-hour chart

The fiber is trading below the main SMAs on the four-hour chart suggesting a bearish bias in the medium term. However, the quote bounced near the 1.0800 figure and challenged the 1.0884 resistance. A daily close above the mentioned level can yield further strength towards the 1.0920 and 1.0970 resistance levels, according to the Technical Confluences Indicator. On the flip side, immediate support can be expected near the 1.0845 and 1.0820 levels

Resistance: 1.0884, 1.0920, 1.0970

Support: 1.0845, 1.0820, 1.0800

Additional key levels

EUR/USD

Overview
Today last price	1.0872
Today Daily Change	0.0032
Today Daily Change %	0.30
Today daily open	1.084

Trends
Daily SMA20	1.0901
Daily SMA50	1.0963
Daily SMA100	1.1032
Daily SMA200	1.1055

Levels
Previous Daily High	1.0911
Previous Daily Low	1.0817
Previous Weekly High	1.0952
Previous Weekly Low	1.0768
Previous Monthly High	1.1497
Previous Monthly Low	1.0636
Daily Fibonacci 38.2%	1.0853
Daily Fibonacci 61.8%	1.0875
Daily Pivot Point S1	1.08
Daily Pivot Point S2	1.0761
Daily Pivot Point S3	1.0706
Daily Pivot Point R1	1.0895
Daily Pivot Point R2	1.0951
Daily Pivot Point R3	1.099

Author

Flavio Tosti

Independent Analyst

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