- EUR/USD resumes the upside and advances above 1.0200.
- The next target emerges at the August top near 1.0300.
EUR/USD regains buying interest and reclaims part of the ground lost following Tuesday’s sell-off to the 1.0160 zone.
The continuation of the recovery is predicted to target the August high at 1.0293 (August 2). Above the latter spot could accelerate its losses to the next hurdle at the 55-day SMA, today at 1.0417.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0941.
EUR/USD daily chart
|Today last price||1.0194|
|Today Daily Change||60|
|Today Daily Change %||0.28|
|Today daily open||1.0166|
|Previous Daily High||1.0294|
|Previous Daily Low||1.0164|
|Previous Weekly High||1.0258|
|Previous Weekly Low||1.0097|
|Previous Monthly High||1.0486|
|Previous Monthly Low||0.9952|
|Daily Fibonacci 38.2%||1.0213|
|Daily Fibonacci 61.8%||1.0244|
|Daily Pivot Point S1||1.0122|
|Daily Pivot Point S2||1.0077|
|Daily Pivot Point S3||0.9991|
|Daily Pivot Point R1||1.0252|
|Daily Pivot Point R2||1.0338|
|Daily Pivot Point R3||1.0383|
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