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EUR/USD Price Analysis: Extra gains appear on the cards

  • EUR/USD regains extra steam and trades closer to 1.2100.
  • Recent monthly top at 1.2150 emerges as the next target.

Fresh buying interest pushes EUR/USD to the vicinity of the 1.2100 neighbourhood at the end of the week.

On the upside, there are no significant hurdles until the April’s top at 1.2150 (April 29). If cleared, then a potential visit to the February highs around 1.2240 could start shaping up.

The constructive stance on EUR/USD is forecast to remain intact as long as it trades above the 200-day SMA, today at 1.1944.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.2083
Today Daily Change38
Today Daily Change %0.15
Today daily open1.2065
 
Trends
Daily SMA201.2025
Daily SMA501.1946
Daily SMA1001.2049
Daily SMA2001.1948
 
Levels
Previous Daily High1.2072
Previous Daily Low1.1993
Previous Weekly High1.215
Previous Weekly Low1.2017
Previous Monthly High1.215
Previous Monthly Low1.1713
Daily Fibonacci 38.2%1.2042
Daily Fibonacci 61.8%1.2023
Daily Pivot Point S11.2015
Daily Pivot Point S21.1965
Daily Pivot Point S31.1937
Daily Pivot Point R11.2094
Daily Pivot Point R21.2122
Daily Pivot Point R31.2172

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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