• EUR/USD pushes higher and reaches new May tops at 1.0780.
  • Next on the upside comes the 3-month resistance line near 1.0800.

EUR/USD keeps the upside well and sound and prints new monthly highs around 1.0780 on Monday.

Considering the ongoing pair’s performance, the continuation of the rebound looks likely in the very near term at least. That said, the next up barrier now appears at the 3-month resistance line near 1.0800.

The breakout of this area should mitigate the selling pressure and allow for a probable move to the weekly high at 1.0936 (April 21).

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.0736
Today Daily Change 55
Today Daily Change % 0.30
Today daily open 1.0736
 
Trends
Daily SMA20 1.0566
Daily SMA50 1.0749
Daily SMA100 1.0995
Daily SMA200 1.126
 
Levels
Previous Daily High 1.0765
Previous Daily Low 1.0697
Previous Weekly High 1.0765
Previous Weekly Low 1.0552
Previous Monthly High 1.1076
Previous Monthly Low 1.0471
Daily Fibonacci 38.2% 1.0739
Daily Fibonacci 61.8% 1.0723
Daily Pivot Point S1 1.07
Daily Pivot Point S2 1.0664
Daily Pivot Point S3 1.0632
Daily Pivot Point R1 1.0768
Daily Pivot Point R2 1.0801
Daily Pivot Point R3 1.0836

 

 

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