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EUR/USD Price Analysis: Immediately to the upside comes 1.1500 and above

  • EUR/USD clocked fresh tops beyond 1.1480 at the end of the week.
  • Next on the upside comes the 100-day SMA just past 1.1500.

EUR/USD managed to clinch fresh tops in the 1.1480/85 band during early trade, although it gave away those gains afterwards on Friday.

Further upside now looks likely considering the recent price action, with the next target at the 100-day SMA at 1.1505 ahead of the more relevant hurdle at the 200-week SMA at 1.1516. If the buying interest picks up extra impulse from here, then a move to October’s high at 1.1692 should start shaping up sooner rather than later.

The longer term negative outlook for EUR/USD is seen unchanged while below the key 200-day SMA at 1.1731.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1454
Today Daily Change31
Today Daily Change %0.02
Today daily open1.1452
 
Trends
Daily SMA201.1331
Daily SMA501.1337
Daily SMA1001.151
Daily SMA2001.1734
 
Levels
Previous Daily High1.1482
Previous Daily Low1.1436
Previous Weekly High1.1379
Previous Weekly Low1.1272
Previous Monthly High1.1386
Previous Monthly Low1.1222
Daily Fibonacci 38.2%1.1464
Daily Fibonacci 61.8%1.1453
Daily Pivot Point S11.1432
Daily Pivot Point S21.1411
Daily Pivot Point S31.1386
Daily Pivot Point R11.1477
Daily Pivot Point R21.1502
Daily Pivot Point R31.1523

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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