- EUR/USD resumes the upside following Wednesday’s drop.
- The 1.1980/90 band emerges as the next target of relevance.
The recovery in EUR/USD remains well and sound despite Wednesday’s small pullback and retracement from new 2-week highs above 1.1900.
Buyers seems in control of the market so far. A decisive breakout of the 200-day SMA in the 1.1880 area should open the door to further gains in the very near-term with the next target at the 1.1980/90 region. In this area converge the mid-March peaks, the 50-day SMA and a Fibo level (of the November-January rally).
Above the 200-day SMA (1.1882) the stance for EUR/USD is expected to shift to positive.
EUR/USD daily chart
|Today last price||1.1885|
|Today Daily Change||34|
|Today Daily Change %||0.16|
|Today daily open||1.1866|
|Previous Daily High||1.1915|
|Previous Daily Low||1.1861|
|Previous Weekly High||1.1794|
|Previous Weekly Low||1.1704|
|Previous Monthly High||1.2113|
|Previous Monthly Low||1.1704|
|Daily Fibonacci 38.2%||1.1882|
|Daily Fibonacci 61.8%||1.1894|
|Daily Pivot Point S1||1.1847|
|Daily Pivot Point S2||1.1827|
|Daily Pivot Point S3||1.1793|
|Daily Pivot Point R1||1.1901|
|Daily Pivot Point R2||1.1935|
|Daily Pivot Point R3||1.1955|
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.