EUR/USD Price Analysis: Next target on the upside is the 1.0990 region


  • EUR/USD extends the bounce to the vicinity of the 1.0900 mark.
  • Next on the upside emerge January lows and the 10-day SMA at 1.1016.

EUR/USD is prolonging the recovery sustained by the renewed offered bias in the greenback.

Further upside thus remains well on the cards, with the immediate target emerging in the 1.0990 zone, where is located the January low.

If the buying pressure accelerates its pace, the 55-day SMA, today at 1.1016, should return to the investors’ radar.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.0853
Today Daily Change 163
Today Daily Change % 1.17
Today daily open 1.0727
 
Trends
Daily SMA20 1.1064
Daily SMA50 1.1013
Daily SMA100 1.1053
Daily SMA200 1.1088
 
Levels
Previous Daily High 1.0828
Previous Daily Low 1.0636
Previous Weekly High 1.1237
Previous Weekly Low 1.0638
Previous Monthly High 1.1089
Previous Monthly Low 1.0778
Daily Fibonacci 38.2% 1.0755
Daily Fibonacci 61.8% 1.0709
Daily Pivot Point S1 1.0633
Daily Pivot Point S2 1.0539
Daily Pivot Point S3 1.0442
Daily Pivot Point R1 1.0825
Daily Pivot Point R2 1.0922
Daily Pivot Point R3 1.1016

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

GBP/USD retreats from new highs amid dollar strength

GBP/USD has fallen off the peak of 1.3719, the highest since 2018, amid fresh dollar strength. Optimism about the UK's vaccine campaign and lower cases boosted sterling earlier. The greenback awaiting Biden's first moves as President. 

GBP/USD News

EUR/USD falls toward 1.21 ahead of Biden´s inauguration

EUR/USD has been descending toward 1.21. President-elect Biden is inaugurated later in the day and hopes of stimulus are high after Treasury Secretary nominee Yellen's testimony. 

EUR/USD News

Gold: Bulls recapture 200-DMA ahead of Biden's inauguration

Gold prices are attempting to correct higher above 200-DMA. The metal cheers rising US inflation expectations amid hopes of a massive stimulus package under the incoming Biden administration. 

Gold news

Bitcoin Price Prediction: Shaking a tree always makes the ripe fruit fall

BTC price is moving away from the historical high and seeks support at the 23.6% level of the Fibonacci retracement system from the entire previous rally.

Read more

US Dollar Index: Upside target remains at 91.00

DXY met buyers in the 90.30 region earlier on Wednesday and now resumes the upside to the 90.50/55 band.

US Dollar Index News

Forex MAJORS

Cryptocurrencies

Signatures