EUR/USD Price Analysis: Hovers near 1.2150, Thursday's candle suggests scope for minor pullback

  • EUR/USD's daily chart shows signs of uptrend fatigue. 
  • A pullback to short-term SMA support could be seen. 

EUR/USD is trading near 1.2150 in Asia, representing a more than 1.5% gain for the week. 

While the pair ticked higher for the third straight day on Thursday, it created a candle with a long upper wick – a sign of uptrend fatigue – validating the above-70 or overbought signal on the 14-day Relative Strength Index. 

As such, a pullback to the ascending 5- day Simple Moving Average (SMA), currently located at 1.2078, could be in the offing. A violation there would expose the 10-day SMA at 1.991. A close below 1.20 would weaken the immediate bullish case. 

On the higher side, resistance is seen at 1.2175 (Thursday's high) and 1.22 (psychological level). 

Daily chart

Trend: Pullback likely

Technical levels


Today last price 1.215
Today Daily Change 0.0004
Today Daily Change % 0.03
Today daily open 1.2146
Daily SMA20 1.19
Daily SMA50 1.181
Daily SMA100 1.1796
Daily SMA200 1.1428
Previous Daily High 1.2175
Previous Daily Low 1.2101
Previous Weekly High 1.1963
Previous Weekly Low 1.18
Previous Monthly High 1.2003
Previous Monthly Low 1.1603
Daily Fibonacci 38.2% 1.2147
Daily Fibonacci 61.8% 1.2129
Daily Pivot Point S1 1.2106
Daily Pivot Point S2 1.2067
Daily Pivot Point S3 1.2033
Daily Pivot Point R1 1.218
Daily Pivot Point R2 1.2214
Daily Pivot Point R3 1.2253



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