- EUR/USD extends the consolidative mood at/above the 1.18 mark.
- Extra losses appear contained near 1.1790 for the time being.
The continuation of the side-lined mood seems likely at least in the very near-term. A break of this multi-session consolidation in either direction is expected to face a deeper pullback to the 1.1700 area, while the resumption of the bull trend is seen facing an initial hurdle at 1.1880.
Looking at the broader scenario, the bullish view on EUR/USD is expected to remain unchanged as long as the pair trades above the critical 200-day SMA, today at 1.1304.
EUR/USD daily chart
|Today last price||1.1831|
|Today Daily Change||0.0021|
|Today Daily Change %||0.18|
|Today daily open||1.181|
|Previous Daily High||1.1862|
|Previous Daily Low||1.1803|
|Previous Weekly High||1.1881|
|Previous Weekly Low||1.1703|
|Previous Monthly High||1.2011|
|Previous Monthly Low||1.1612|
|Daily Fibonacci 38.2%||1.1826|
|Daily Fibonacci 61.8%||1.1839|
|Daily Pivot Point S1||1.1788|
|Daily Pivot Point S2||1.1767|
|Daily Pivot Point S3||1.173|
|Daily Pivot Point R1||1.1847|
|Daily Pivot Point R2||1.1884|
|Daily Pivot Point R3||1.1905|
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