- EUR/USD is firmer and extends the weekly recovery above the 1.0900.
- The continuation of the upside now faces the 1.0990 region.
EUR/USD remains well bid so far this week and it has now regained the 1.0900 mark and above.
Against this backdrop, further upside remains well on the table in the very near term with the immediate target at the January’s low at 1.0989.
Above the 55-day SMA, today at 1.1008, the selling view is expected to alleviate.
EUR/USD daily chart
|Today last price||1.0949|
|Today Daily Change||81|
|Today Daily Change %||0.62|
|Today daily open||1.0882|
|Previous Daily High||1.0894|
|Previous Daily Low||1.0761|
|Previous Weekly High||1.1237|
|Previous Weekly Low||1.0638|
|Previous Monthly High||1.1089|
|Previous Monthly Low||1.0778|
|Daily Fibonacci 38.2%||1.0843|
|Daily Fibonacci 61.8%||1.0812|
|Daily Pivot Point S1||1.0797|
|Daily Pivot Point S2||1.0712|
|Daily Pivot Point S3||1.0664|
|Daily Pivot Point R1||1.0931|
|Daily Pivot Point R2||1.0979|
|Daily Pivot Point R3||1.1064|
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