- EUR/USD finally surpasses the key barrier at 1.20 the figure.
- Further north of 1.20 comes in the 100-day SMA around 1.2050.
EUR/USD starts the week on a strong note and finally manages to advance further north of the psychological 1.2000 yardstick.
The firm buying pressure is expected to meet the next interim hurdle in the 1.2050/64 band, where converge the 100-day SMA and a Fibo retracement (of the November-January rally).
Above the latter the focus of attention is forecast to shift to the February peaks around 1.2240.
Above the 200-day SMA (1.1906) the stance for EUR/USD is predicted to remain positive.
EUR/USD daily chart
|Today last price||1.2039|
|Today Daily Change||100|
|Today Daily Change %||0.45|
|Today daily open||1.1985|
|Previous Daily High||1.1995|
|Previous Daily Low||1.195|
|Previous Weekly High||1.1995|
|Previous Weekly Low||1.1871|
|Previous Monthly High||1.2113|
|Previous Monthly Low||1.1704|
|Daily Fibonacci 38.2%||1.1978|
|Daily Fibonacci 61.8%||1.1967|
|Daily Pivot Point S1||1.1959|
|Daily Pivot Point S2||1.1933|
|Daily Pivot Point S3||1.1915|
|Daily Pivot Point R1||1.2003|
|Daily Pivot Point R2||1.2021|
|Daily Pivot Point R3||1.2047|
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