EUR/USD Price Analysis: Euro trading flat on the day, up more than 170 pips on the week

  • EUR/USD bullish reversal from 34-month lows remains intact.
  • The level to beat for bulls is the 1.1006 resistance.

EUR/USD daily chart 

The euro is trading in a downtrend below its main daily simple moving averages (SMAs). However, the spot is reversing up sharply from 34-month lows while challenging the 50 and 100 SMA this Friday. 

EUR/USD four-hour chart

EUR/USD is challenging the 1.006 resistance while above the 200 SMA on the four-hour chart. The bulls remain in control suggesting that the market could extend its run towards the 1.1047 and the 1.1085 levels, according to the Technical Confluences Indicator. Support can be expected near the 1.0960 and 1.0915 price levels.   
Resistance: 1.1006, 1.1047, 1.1085 
Support: 1.0960, 1.0915, 1.0880

Additional key levels


Today last price 1.1001
Today Daily Change 0.0008
Today Daily Change % 0.07
Today daily open 1.0993
Daily SMA20 1.091
Daily SMA50 1.1031
Daily SMA100 1.1056
Daily SMA200 1.11
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



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