- EUR/USD is recovering some ground following Tuesday’s sharp drop.
- Some consolidation could be seen ahead of a potential move higher.
EUR/USD has managed to regain poise and it has now regained the 1.1300 mark and beyond following Tuesday’s close in the 1.1280 region.
The pair is expected to see some rangebound trading in the upper end of the recent range for the time being, ahead of the probable continuation of the move to the 1.15 neighbourhood (and probably 1.1569).
Looking at the broader picture, the outlook on the spot stays bullish while above the 200-day SMA, today at 1.1101.
|Today last price||1.1329|
|Today Daily Change||91|
|Today Daily Change %||0.43|
|Today daily open||1.1281|
|Previous Daily High||1.1467|
|Previous Daily Low||1.1275|
|Previous Weekly High||1.1355|
|Previous Weekly Low||1.1027|
|Previous Monthly High||1.1089|
|Previous Monthly Low||1.0778|
|Daily Fibonacci 38.2%||1.1348|
|Daily Fibonacci 61.8%||1.1394|
|Daily Pivot Point S1||1.1215|
|Daily Pivot Point S2||1.1149|
|Daily Pivot Point S3||1.1023|
|Daily Pivot Point R1||1.1407|
|Daily Pivot Point R2||1.1533|
|Daily Pivot Point R3||1.1599|
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