- 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
|Today last price||1.2065|
|Today Daily Change||47|
|Today Daily Change %||-0.06|
|Today daily open||1.2072|
|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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