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EUR/USD Price Analysis: Gains should accelerate above 1.0300

  • EUR/USD gives away part of Thursday’s advance, stays around 1.0220.
  • The pair needs to clear 1.0300 to allow for a more serious recovery.

EUR/USD comes under pressure after faltering once again in the 1.0250/60 region at the end of the week.

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 1.0404.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0927.

EUR/USD

Overview
Today last price1.0234
Today Daily Change34
Today Daily Change %-0.12
Today daily open1.0246
 
Trends
Daily SMA201.0161
Daily SMA501.0387
Daily SMA1001.0571
Daily SMA2001.0936
 
Levels
Previous Daily High1.0254
Previous Daily Low1.0154
Previous Weekly High1.0258
Previous Weekly Low1.0097
Previous Monthly High1.0486
Previous Monthly Low0.9952
Daily Fibonacci 38.2%1.0216
Daily Fibonacci 61.8%1.0192
Daily Pivot Point S11.0182
Daily Pivot Point S21.0119
Daily Pivot Point S31.0083
Daily Pivot Point R11.0281
Daily Pivot Point R21.0317
Daily Pivot Point R31.0381

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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