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EUR/USD Price Analysis: Extra gains remain favoured

  • EUR/USD resumes the upside following the post-ECB sell-off.
  • The surpass of 1.1030 exposes a move to 1.1100.

EUR/USD reverses the recent pessimism and embarks on a recovery north of the 1.0900 hurdle on Friday.

A move beyond the so far 2023 high at 1.1032 (February 2) should retarget the round level at 1.1100 prior to the weekly peak at 1.1184 (March 31 2022).

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0317.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0931
Today Daily Change56
Today Daily Change %0.16
Today daily open1.0914
 
Trends
Daily SMA201.0834
Daily SMA501.0669
Daily SMA1001.0313
Daily SMA2001.0318
 
Levels
Previous Daily High1.1033
Previous Daily Low1.0885
Previous Weekly High1.093
Previous Weekly Low1.0835
Previous Monthly High1.093
Previous Monthly Low1.0483
Daily Fibonacci 38.2%1.0942
Daily Fibonacci 61.8%1.0977
Daily Pivot Point S11.0855
Daily Pivot Point S21.0796
Daily Pivot Point S31.0707
Daily Pivot Point R11.1003
Daily Pivot Point R21.1092
Daily Pivot Point R31.1151

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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