EUR/USD Price Analysis: Euro regains some poise, trades above 1.0850 level


  • EUR/USD rebounds and approaches the 1.0900 figure on USD weakness. 
  • Immediate resistance is seen near 1.0845 and 1.0920 levels. 
  

EUR/USD daily chart 

 
EUR/USD is trading below the main SMAs on the daily chart as the spot stays within familiar ranges seen in March and February. 
 

EUR/USD four-hour chart

 
The fiber is trading below its main SMAs on the four-hour chart suggesting a negative bias in the medium term. However the spot is rebounding from near the 1.0800 figure and is now challenging the 1.0884 resistance at press time. A daily close above this level can lead to further advances towards the 1.0920 and 1.0970 resistance levels, according to the Technical Confluences Indicator. Meanwhile, 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 1.0877
Today Daily Change 0.0037
Today Daily Change % 0.34
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

 

 

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