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EUR/USD Price Analysis: Minor support emerges near 1.0840

  • EUR/USD reverses part of the recent weakness and regains 1.0900.
  • So far, there is decent contention around 1.0840.

EUR/USD starts the week on the positive foot and reclaims the area beyond 1.0900 the figure on Monday.

The inability of the pair to regain the area of recent peaks around 1.1010 (June 22) could motivate sellers to return to the market and open the door to a potential revisit to recent weekly lows near 1.0840 (June 23).

The loss of the latter should face the next support of note around the round level of 1.0800, which also appears reinforced by the 100-day SMA (1.0809).

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0568.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0919
Today Daily Change33
Today Daily Change %0.23
Today daily open1.0894
 
Trends
Daily SMA201.0809
Daily SMA501.0876
Daily SMA1001.0809
Daily SMA2001.0565
 
Levels
Previous Daily High1.096
Previous Daily Low1.0844
Previous Weekly High1.1012
Previous Weekly Low1.0844
Previous Monthly High1.1092
Previous Monthly Low1.0635
Daily Fibonacci 38.2%1.0888
Daily Fibonacci 61.8%1.0916
Daily Pivot Point S11.0839
Daily Pivot Point S21.0784
Daily Pivot Point S31.0724
Daily Pivot Point R11.0954
Daily Pivot Point R21.1014
Daily Pivot Point R31.1069

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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