- EUR/USD’s strong bounce stalled around the 1.1150 region.
- Immediately to the downside emerges the 1.10 neighbourhood.
EUR/USD is seeing some correction after failing to extend the multi-session rally further north of the mid-1.1100s during early trade.
The pair keeps hovering around the 200-day SMA in the 1.1080 region. A breach of this level should put the 55-day SMA in the 1.10 area back on the radar
In case bulls regain the upper hand, then a move to December’s peak at 1.1239 should start to gather some traction in the short term.
EUR/USD daily chart
|Today last price||1.1062|
|Today Daily Change||99|
|Today Daily Change %||-0.70|
|Today daily open||1.114|
|Previous Daily High||1.1147|
|Previous Daily Low||1.0953|
|Previous Weekly High||1.1147|
|Previous Weekly Low||1.0636|
|Previous Monthly High||1.1089|
|Previous Monthly Low||1.0778|
|Daily Fibonacci 38.2%||1.1073|
|Daily Fibonacci 61.8%||1.1027|
|Daily Pivot Point S1||1.1013|
|Daily Pivot Point S2||1.0886|
|Daily Pivot Point S3||1.082|
|Daily Pivot Point R1||1.1207|
|Daily Pivot Point R2||1.1274|
|Daily Pivot Point R3||1.1401|
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