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EUR/USD Price Analysis: Next on the upside comes in 1.2200

  • EUR/USD pushes higher and keeps targeting 1.2200.
  • Further north is located the February’s top at 1.2243.

EUR/USD resumes the upside following the a moderate pullback at the beginning of the week.

The ongoing context allows for the continuation of the uptrend, at least in the very near-term, with the next hurdle at the 1.2200 neighbourhood. Above this level, the February’s high at 1.2243 emerges as the immediate resistance for EUR-bulls.

The constructive stance on EUR/USD is forecast to remain intact as long as it trades above the 200-day SMA, today at 1.1947.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.2154
Today Daily Change46
Today Daily Change %0.21
Today daily open1.2129
 
Trends
Daily SMA201.205
Daily SMA501.1949
Daily SMA1001.2047
Daily SMA2001.1952
 
Levels
Previous Daily High1.2178
Previous Daily Low1.2128
Previous Weekly High1.2172
Previous Weekly Low1.1986
Previous Monthly High1.215
Previous Monthly Low1.1713
Daily Fibonacci 38.2%1.2147
Daily Fibonacci 61.8%1.2159
Daily Pivot Point S11.2112
Daily Pivot Point S21.2095
Daily Pivot Point S31.2061
Daily Pivot Point R11.2162
Daily Pivot Point R21.2195
Daily Pivot Point R31.2213

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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