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EUR/USD Price Analysis: Further upside targets 1.1382

  • EUR/USD leaves behind Wednesday’s daily retracement.
  • Further upside is seen initially challenging 1.1382.

EUR/USD regains the smile and the buying interest and advances to the 1.1350 zone on Thursday.

In case the recovery picks up further impulse, then the pair is forecast to test the weekly top at 1.1382 (November 30) ahead of another weekly high at 1.1464 (November 15).

The probability of further losses remains unchanged as long as EUR/USD trades below the 2-month resistance line (off September’s peak) near 1.1545. In the longer run, the offered stance in spot is expected to persist while below the 200-day SMA at 1.1819.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1334
Today Daily Change40
Today Daily Change %0.20
Today daily open1.1311
 
Trends
Daily SMA201.1375
Daily SMA501.1518
Daily SMA1001.1654
Daily SMA2001.1825
 
Levels
Previous Daily High1.136
Previous Daily Low1.1303
Previous Weekly High1.1324
Previous Weekly Low1.1186
Previous Monthly High1.1616
Previous Monthly Low1.1186
Daily Fibonacci 38.2%1.1324
Daily Fibonacci 61.8%1.1338
Daily Pivot Point S11.1289
Daily Pivot Point S21.1267
Daily Pivot Point S31.1232
Daily Pivot Point R11.1346
Daily Pivot Point R21.1381
Daily Pivot Point R31.1403

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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