- EUR/USD adds to recent gains beyond 1.2100 the figure.
- Extra gains could see the monthly tops around 1.2180 retested.
EUR/USD extends the rebound from weekly lows in the 1.2050 region to levels past the 1.2100 level on Friday.
The ongoing context allows for the continuation of the uptrend, at least in the very near-term, with the next hurdle at the so far monthly tops in the 1.2180/85 band (May 11). Above this level, the February’s high at 1.2243 emerges as the immediate resistance for EUR-bulls.
The constructive stance on EUR/USD is forecast to remain intact as long as it trades above the 200-day SMA, today at 1.1951.
EUR/USD daily chart
|Today last price||1.2123|
|Today Daily Change||66|
|Today Daily Change %||0.34|
|Today daily open||1.2082|
|Previous Daily High||1.2106|
|Previous Daily Low||1.2052|
|Previous Weekly High||1.2172|
|Previous Weekly Low||1.1986|
|Previous Monthly High||1.215|
|Previous Monthly Low||1.1713|
|Daily Fibonacci 38.2%||1.2085|
|Daily Fibonacci 61.8%||1.2072|
|Daily Pivot Point S1||1.2053|
|Daily Pivot Point S2||1.2025|
|Daily Pivot Point S3||1.1999|
|Daily Pivot Point R1||1.2108|
|Daily Pivot Point R2||1.2134|
|Daily Pivot Point R3||1.2163|
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