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.

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