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EUR/USD Price Analysis: Gains seen accelerating above 1.0300

  • EUR/USD flirts with weekly highs around 1.0250 on Wednesday.
  • Further gains look likely on a close above 1.0300.

EUR/USD trades on a positive performance around the 1.0250 region midweek.

The so far August high at 1.0293 (August 2) emerges as the magnet for bulls for the time being. Above this level, spot is expected to see its uptrend reinvigorated and could challenge the temporary 55-day SMA in the near term, today at 1.0377.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0906.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0238
Today Daily Change44
Today Daily Change %0.24
Today daily open1.0213
 
Trends
Daily SMA201.0176
Daily SMA501.0353
Daily SMA1001.0546
Daily SMA2001.0915
 
Levels
Previous Daily High1.0248
Previous Daily Low1.0188
Previous Weekly High1.0294
Previous Weekly Low1.0123
Previous Monthly High1.0486
Previous Monthly Low0.9952
Daily Fibonacci 38.2%1.0225
Daily Fibonacci 61.8%1.0211
Daily Pivot Point S11.0185
Daily Pivot Point S21.0157
Daily Pivot Point S31.0126
Daily Pivot Point R11.0244
Daily Pivot Point R21.0275
Daily Pivot Point R31.0303

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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