EUR/USD Price Analysis: Gains remain limited by 1.1670


  • EUR/USD looks to leave behind the recent couple of pullbacks.
  • The next target of note emerges around 1.1670.

EUR/USD wobbles around the 1.1600 mark after two consecutive daily drops on Wednesday.

In the meantime, the inability of the pair to retest recent tops around 1.1670 ideally in the short-term horizon could trigger some corrective move to, initially, the weekly low at 1.1590 (October 25). A drop beyond this level is seen exposing another weekly low near 1.1570 (October 18), all prior to the 2021 low at 1.1524 (October 12).

In the meantime, the near-term outlook for EUR/USD is seen on the negative side below the key 200-day SMA, today at 1.1909.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.1605
Today Daily Change 29
Today Daily Change % 0.08
Today daily open 1.1596
 
Trends
Daily SMA20 1.1596
Daily SMA50 1.1702
Daily SMA100 1.1784
Daily SMA200 1.1913
 
Levels
Previous Daily High 1.1626
Previous Daily Low 1.1585
Previous Weekly High 1.167
Previous Weekly Low 1.1572
Previous Monthly High 1.1909
Previous Monthly Low 1.1563
Daily Fibonacci 38.2% 1.1601
Daily Fibonacci 61.8% 1.161
Daily Pivot Point S1 1.1579
Daily Pivot Point S2 1.1562
Daily Pivot Point S3 1.1538
Daily Pivot Point R1 1.1619
Daily Pivot Point R2 1.1643
Daily Pivot Point R3 1.166

 

 

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