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EUR/USD Price Analysis: Immediately to the upside comes 1.1395

  • EUR/USD flirts with the 5-month line near 1.1370.
  • The next up barrier comes at the weekly high at 1.1395.

EUR/USD trades on a choppy fashion below the 1.1400 mark in the second half of the week.

Further upside in the pair needs to clear the 5-month line near 1.1370 to mitigate downside pressure and allow for another test of the weekly high at 1.1395 (February 14). Further up is seen the 200-week SMA at 1.1491 closely followed by the 2022 peak at 1.1494 (February 10).

In the longer run, EUR/USD is expected to keep the negative outlook as long as it trades below the key 200-day SMA, today at 1.1641.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1362
Today Daily Change31
Today Daily Change %0.02
Today daily open1.136
 
Trends
Daily SMA201.1332
Daily SMA501.133
Daily SMA1001.1402
Daily SMA2001.1646
 
Levels
Previous Daily High1.1386
Previous Daily Low1.1323
Previous Weekly High1.1495
Previous Weekly Low1.133
Previous Monthly High1.1483
Previous Monthly Low1.1121
Daily Fibonacci 38.2%1.1347
Daily Fibonacci 61.8%1.1362
Daily Pivot Point S11.1327
Daily Pivot Point S21.1294
Daily Pivot Point S31.1264
Daily Pivot Point R11.139
Daily Pivot Point R21.1419
Daily Pivot Point R31.1452

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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