EUR/USD Price Analysis: Interim resistance emerges at 1.0950

EUR/USD regains traction after bottoming out near 1.0860.
Further recovery should initially target the mid-1.0900s.

Pablo Piovano FXStreet

EUR/USD reverses four consecutive sessions of losses and regains the area beyond 1.0900 the figure on Thursday.

If the rebound gathers extra steam, it could encourage the pair to dispute the interim 55-day SMA at 1.0951 prior to the weekly peak at 1.1065 (August 10). Further north from here comes the weekly high of 1.1149 (July 27). Once this region is cleared, the pair’s downside pressure is expected to mitigate.

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0787.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.091
Today Daily Change	57
Today Daily Change %	0.28
Today daily open	1.0879

Trends
Daily SMA20	1.0994
Daily SMA50	1.0973
Daily SMA100	1.0931
Daily SMA200	1.0785

Levels
Previous Daily High	1.0934
Previous Daily Low	1.0872
Previous Weekly High	1.1065
Previous Weekly Low	1.0929
Previous Monthly High	1.1276
Previous Monthly Low	1.0834
Daily Fibonacci 38.2%	1.0896
Daily Fibonacci 61.8%	1.091
Daily Pivot Point S1	1.0856
Daily Pivot Point S2	1.0832
Daily Pivot Point S3	1.0793
Daily Pivot Point R1	1.0919
Daily Pivot Point R2	1.0958
Daily Pivot Point R3	1.0982

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

AUD/USD consolidates near 0.7000 as USD stays weak

AUD/USD holds steady above 0.7000 during Thursday’s Asian session, consolidating the previous day’s recovery gains from a near three-week low as the Democratic sweep in the US midterm elections and Iran diplomacy hopes continue to weigh on the US Dollar. Bulls, however, seem hesitant as focus shifts to Friday’s crucial US NFP report.

USD/JPY drifts lower to 158.25 on hawkish BoJ Minutes, weak USD

USD/JPY trades with a negative bias for the second straight day on Thursday as hawkish BoJ Minutes, showing members agreed to keep raising rates, and intervention risks support the Japanese Yen. Meanwhile, US midterm election results and hopes for Iran diplomacy keep the US Dollar depressed as focus shifts to Friday’s US NFP report.

Gold trims gains, returns to $4,100

Gold now surrenders part of its initial bull run and appears on its way to challenge the key $4,100 region per troy ounce on Thursday. The precious metal extends it recovery on the back of the tepid advance in the Greenback and mixed US Treasury yields following the US midterm elections.

XRP gains ground as Ripple CEO says US crypto users aren’t going anywhere after midterms, calls for clear rules

Ripple (XRP) ticks higher on Thursday, trading near $1.32. The remittance token is up roughly 10% from last week’s trough at $1.20, suggesting that the path of least resistance is gradually flipping upward.

NFP stress test: Six payrolls releases, measured in daily-loss limits

Friday's US employment report is usually previewed in terms of the headline number and the reaction in the Dollar. For a growing group of traders, those running funded or evaluation accounts with a fixed daily loss limit, there is a more practical question: how much of that limit can the first hour consume, regardless of direction?

US Dollar breaks below 101.50 as Democrats sweep Congress

The US Dollar (USD) comes under heavy selling pressure on Wednesday, with the US Dollar Index (DXY) falling around 0.5% to trade near 101.35 after sliding below the 101.50 level. The Greenback retreats to its lowest level in four weeks as investors reassess the political and economic outlook following the Democratic Party's sweeping victory in the United States (US) midterm elections.