EUR/USD Price Analysis: Euro trades in two-day’s highs above 1.0900 figure as Fed injects trillions of liquidity


  • EUR/USD spikes up above the 1.0900 figure on extraordinary Fed’s comments. 
  • Support is seen near the 1.0900 and 1.0850 levels.  
 

EUR/USD daily chart 

 
EUR/USD is bouncing from the 1.0800 figure while trading below the main SMA (simple moving average) on the daily chart. The Fed announced it would inject $2.3 trillion in additional loans while US jobless claims were above 6.6 million, which was worse than expected. 
 

EUR/USD four-hour chart

 
EUR/USD is in consolidation mode while trading below the 200 SMA suggesting a bearish bias in the medium term. However, this Thursday, the market had a spike to the upside as bears want to keep the spot below the 1.0973/1.1000 band. Sellers will be looking for a break below the 1.0900 level end route to the 1.0850 and 1.0800 levels on the way down, according to the Technical Confluences Indicator. 
  
 
Resistance: 1.0973, 1.1000, 1.1050
Support: 1.0900, 1.0850, 1.0800
 
 

Additional key levels

EUR/USD

Overview
Today last price 1.0932
Today Daily Change 0.0074
Today Daily Change % 0.68
Today daily open 1.0858
 
Trends
Daily SMA20 1.0929
Daily SMA50 1.0977
Daily SMA100 1.1038
Daily SMA200 1.1065
 
Levels
Previous Daily High 1.0902
Previous Daily Low 1.083
Previous Weekly High 1.1144
Previous Weekly Low 1.0773
Previous Monthly High 1.1497
Previous Monthly Low 1.0636
Daily Fibonacci 38.2% 1.0858
Daily Fibonacci 61.8% 1.0875
Daily Pivot Point S1 1.0825
Daily Pivot Point S2 1.0791
Daily Pivot Point S3 1.0753
Daily Pivot Point R1 1.0897
Daily Pivot Point R2 1.0936
Daily Pivot Point R3 1.0969

 

 

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