|

EUR/USD Price Analysis: Immediately to the upside comes 1.0760

  • EUR/USD extends the rebound north of 1.0600 on Friday.
  • The next up-barrier emerges at the March top near 1.0760.

EUR/USD gathers extra pace and climbs to 2-day highs near 1.0670 following Thursday’s positive price action.

If the recovery gathers impulse, then the pair could confront the March high at 1.0759 (March 15) - which remains underpinned by the proximity of the 55-day SMA – prior to the weekly peak at 1.0804 (February 14).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0324.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.063
Today Daily Change65
Today Daily Change %0.19
Today daily open1.061
 
Trends
Daily SMA201.0625
Daily SMA501.0728
Daily SMA1001.0562
Daily SMA2001.0325
 
Levels
Previous Daily High1.0636
Previous Daily Low1.0551
Previous Weekly High1.0701
Previous Weekly Low1.0524
Previous Monthly High1.1033
Previous Monthly Low1.0533
Daily Fibonacci 38.2%1.0603
Daily Fibonacci 61.8%1.0583
Daily Pivot Point S11.0562
Daily Pivot Point S21.0514
Daily Pivot Point S31.0477
Daily Pivot Point R11.0647
Daily Pivot Point R21.0684
Daily Pivot Point R31.0731

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.

More from Pablo Piovano
Share:

Editor's Picks

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary. 

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.