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EUR/USD Price Analysis: Potential visit to the 1.1150 region

  • The upside momentum in EUR/USD extends beyond the 1.10 mark.
  • Further north emerges the later March tops near 1.1150.

EUR/USD is prolonging the upside on Wednesday above the 1.10 mark, recording at the same time fresh multi-week peaks around 1.1030.

The pair has left behind the critical 200-day SMA and in doing so it has opened the door to a potential move to the 1.1150 region, levels last seen in late March.

Above the 200-day SMA, the pair is expected to regain the constructive outlook.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1016
Today Daily Change97
Today Daily Change %0.31
Today daily open1.0982
 
Trends
Daily SMA201.0884
Daily SMA501.0879
Daily SMA1001.0961
Daily SMA2001.1013
 
Levels
Previous Daily High1.0996
Previous Daily Low1.0892
Previous Weekly High1.1009
Previous Weekly Low1.08
Previous Monthly High1.1039
Previous Monthly Low1.0727
Daily Fibonacci 38.2%1.0956
Daily Fibonacci 61.8%1.0932
Daily Pivot Point S11.0918
Daily Pivot Point S21.0854
Daily Pivot Point S31.0815
Daily Pivot Point R11.1021
Daily Pivot Point R21.106
Daily Pivot Point R31.1124

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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