EUR/USD Price Analysis: Focus has now shifted to 1.1569

  • EUR/USD’s rally falters just ahead of the 1.1500 mark on Monday.
  • Bulls are now targeting the 2019 high at 1.1569.

EUR/USD has once again recorded new YTD highs, this time near the key barrier at 1.15 the figure during the Asian session.

The pair’s upside momentum picked up extra pace at the beginning of the week and advanced further north of the 200-week SMA near 1.1350.

Extreme “overbought” conditions could spark some correction lower in the near-term, with contention expected to emerge near 1.1240 (high December 31st 2019). The continuation of the buying pressure should target the 2019 high at 1.1569.

EUR/USD daily chart


Today last price 1.1418
Today Daily Change 160
Today Daily Change % 0.99
Today daily open 1.1306
Daily SMA20 1.0955
Daily SMA50 1.1039
Daily SMA100 1.1062
Daily SMA200 1.1101
Previous Daily High 1.1355
Previous Daily Low 1.1212
Previous Weekly High 1.1355
Previous Weekly Low 1.1027
Previous Monthly High 1.1089
Previous Monthly Low 1.0778
Daily Fibonacci 38.2% 1.13
Daily Fibonacci 61.8% 1.1266
Daily Pivot Point S1 1.1227
Daily Pivot Point S2 1.1148
Daily Pivot Point S3 1.1084
Daily Pivot Point R1 1.137
Daily Pivot Point R2 1.1434
Daily Pivot Point R3 1.1513



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