EUR/USD Price Analysis: Extra gains target the 2018 high near 1.2550


  • EUR/USD corrects lower following new tops just below 1.2100.
  • Interim hurdles come in at 1.2413 and 1.2476.

EUR/USD looks to extend Tuesday’s strong advance but falters just ahead of the 1.2100 yardstick on Wednesday.

The firm note in EUR/USD remains unchanged and allows for the continuation of the uptrend in the near-term. That said, interim resistance levels are located at 1.2413 (April 2018 high) ahead of 1.2476 (March 2018 high). Further north is located the 2018 high in the mid-1.2500s.

Looking at the broader scenario, extra gains in EUR/USD are likely while above the critical 200-day SMA, today at 1.1420. The 200-week SMA at 1.1436 also reinforces this view.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.2065
Today Daily Change 47
Today Daily Change % -0.06
Today daily open 1.2072
 
Trends
Daily SMA20 1.1865
Daily SMA50 1.1792
Daily SMA100 1.1781
Daily SMA200 1.1417
 
Levels
Previous Daily High 1.2075
Previous Daily Low 1.1924
Previous Weekly High 1.1963
Previous Weekly Low 1.18
Previous Monthly High 1.2003
Previous Monthly Low 1.1603
Daily Fibonacci 38.2% 1.2018
Daily Fibonacci 61.8% 1.1982
Daily Pivot Point S1 1.1972
Daily Pivot Point S2 1.1872
Daily Pivot Point S3 1.1821
Daily Pivot Point R1 1.2124
Daily Pivot Point R2 1.2175
Daily Pivot Point R3 1.2275

 

 

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