- EUR/USD manages to rebound to the 1.1950 region.
- Further up is located the 200-day SMA and the 1.2000 mark.
EUR/USD pushes higher and already regained the mid-1.1900s on Wednesday. Recent price action allowed the pair to put further distance from previous oversold levels (as per the daily RSI).
If the recovery gathers extra steam, then there is room for spot to challenge the 200-day SMA, today at 1.1993 ahead of the psychological 1.2000 hurdle. There is, however, a minor hurdle at a Fibo level at 1.1976.
The outlook for EUR/USD should shift to negative on a sustainable breakdown of the key 200-day SMA. Next weeks are expected to be crucial regarding this issue.
EUR/USD daily chart
|Today last price||1.1943|
|Today Daily Change||38|
|Today Daily Change %||0.03|
|Today daily open||1.194|
|Previous Daily High||1.1953|
|Previous Daily Low||1.1881|
|Previous Weekly High||1.2147|
|Previous Weekly Low||1.1847|
|Previous Monthly High||1.2266|
|Previous Monthly Low||1.1986|
|Daily Fibonacci 38.2%||1.1925|
|Daily Fibonacci 61.8%||1.1908|
|Daily Pivot Point S1||1.1897|
|Daily Pivot Point S2||1.1853|
|Daily Pivot Point S3||1.1825|
|Daily Pivot Point R1||1.1968|
|Daily Pivot Point R2||1.1996|
|Daily Pivot Point R3||1.204|
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