• EUR/USD seems to have moved into a consolidative phase.
  • The 4-month resistance line near 1.0700 caps the upside.

EUR/USD regains the 1.0500 mark and above after the earlier drop to the 1.0470/65 band on Wednesday.

So far, and as long as the 4-month line in the 1.0690/1.0700 region limits the upside, extra pullbacks in the pair should remain on the cards in the short-term horizon. Against that, the next support of note comes at the June low at 1.0358 (June 15) ahead of the 2022 low at 1.0348 (May 13).

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.1148.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.0521
Today Daily Change 70
Today Daily Change % -0.08
Today daily open 1.0529
 
Trends
Daily SMA20 1.0619
Daily SMA50 1.0621
Daily SMA100 1.0873
Daily SMA200 1.1157
 
Levels
Previous Daily High 1.0583
Previous Daily Low 1.0509
Previous Weekly High 1.0601
Previous Weekly Low 1.0359
Previous Monthly High 1.0787
Previous Monthly Low 1.035
Daily Fibonacci 38.2% 1.0555
Daily Fibonacci 61.8% 1.0537
Daily Pivot Point S1 1.0498
Daily Pivot Point S2 1.0466
Daily Pivot Point S3 1.0424
Daily Pivot Point R1 1.0571
Daily Pivot Point R2 1.0614
Daily Pivot Point R3 1.0645

 

 

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