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EUR/USD Price Analysis: Immediately to the upside is located 1.1800

  • EUR/USD now moves within a tight trading range below 1.1800.
  • A move past 1.1800 could expose a visit to 1.1900.

EUR/USD fades Thursday’s pullback and resumes the upside, although gains still remain limited around the 1.1780 region.

The pair needs to surpass recent tops in the 1.1770/80 band to allow for another visit to last week’s tops in the 1.1800 neighbourhood. Further up comes in the July/August peaks around 1.1900, although a move to this area is not favoured in the very near term at least.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2001.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1765
Today Daily Change29
Today Daily Change %0.11
Today daily open1.1752
 
Trends
Daily SMA201.1768
Daily SMA501.1817
Daily SMA1001.1958
Daily SMA2001.2006
 
Levels
Previous Daily High1.1779
Previous Daily Low1.1746
Previous Weekly High1.1801
Previous Weekly Low1.1664
Previous Monthly High1.1909
Previous Monthly Low1.1752
Daily Fibonacci 38.2%1.1759
Daily Fibonacci 61.8%1.1766
Daily Pivot Point S11.1739
Daily Pivot Point S21.1726
Daily Pivot Point S31.1706
Daily Pivot Point R11.1772
Daily Pivot Point R21.1792
Daily Pivot Point R31.1805

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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