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EUR/USD Price Analysis: Immediately to the upside comes 1.1120

  • EUR/USD looks volatile around 1.10 following Thursday’s decline.
  • There is an initial up barrier at the weekly high at 1.1121 (March 10).

EUR/USD manages to regain some composure following Thursday’s decline despite reaching fresh highs past the 1.1100 yardstick.

For the recovery to gather more serious intentions, EUR/USD needs to clear the weekly peak at 1.1121 (March 10) to allow for a test of the interim barrier at the 20-day SMA at 1.1168 ahead of the monthly high at 1.1233 (March 1).

The negative outlook for EUR/USD is expected to remain unchanged while below the key 200-day SMA, today at 1.1559.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0994
Today Daily Change84
Today Daily Change %0.15
Today daily open1.0977
 
Trends
Daily SMA201.1188
Daily SMA501.1279
Daily SMA1001.1333
Daily SMA2001.1567
 
Levels
Previous Daily High1.1121
Previous Daily Low1.0976
Previous Weekly High1.1246
Previous Weekly Low1.0886
Previous Monthly High1.1495
Previous Monthly Low1.1106
Daily Fibonacci 38.2%1.1032
Daily Fibonacci 61.8%1.1066
Daily Pivot Point S11.0929
Daily Pivot Point S21.088
Daily Pivot Point S31.0784
Daily Pivot Point R11.1074
Daily Pivot Point R21.117
Daily Pivot Point R31.1218

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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