- EUR/USD met some selling pressure near 1.0970 on Monday.
- Immediately to the upside now emerges the 1.0990 barrier.
EUR/USD failed to extend the recovery further north of the 1.0970 area at the beginning of the week.
If the recovery picks up more serious traction, then the next hurdle of relevance is located at late-January lows in the 1.0990/95 band.
Above the 200-day SMA, today at 1.1059, the selling pressure is expected to alleviate and could allow for a visit to recent tops near 1.1150.
EUR/USD daily chart
|Today last price||1.0914|
|Today Daily Change||64|
|Today Daily Change %||-0.21|
|Today daily open||1.0937|
|Previous Daily High||1.0952|
|Previous Daily Low||1.092|
|Previous Weekly High||1.0952|
|Previous Weekly Low||1.0768|
|Previous Monthly High||1.1497|
|Previous Monthly Low||1.0636|
|Daily Fibonacci 38.2%||1.094|
|Daily Fibonacci 61.8%||1.0932|
|Daily Pivot Point S1||1.0921|
|Daily Pivot Point S2||1.0904|
|Daily Pivot Point S3||1.0888|
|Daily Pivot Point R1||1.0953|
|Daily Pivot Point R2||1.0968|
|Daily Pivot Point R3||1.0985|
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