- EUR/USD has retraced 38.2% of the pullback from early January highs.
- The pair has trapped in a narrowing price range.
EUR/USD is trading around 1.2166, which is the 38.2% Fibonacci retracement of the decline from 1.2349 to 1.2049.
The pair has carved out a pennant pattern on the hourly chart. A breakout would validate the bullish crossover of the 50- and 200-hour Simple Moving Averages (SMA) and signal a continuation of the rally from 1.2077, opening the doors for 1.2223 (Jan. 29 high).
Alternatively, a pennant breakdown would shift risk in favor of a drop to support at 1.2120.
|Today last price||1.2171|
|Today Daily Change||0.0003|
|Today Daily Change %||0.02|
|Today daily open||1.2168|
|Previous Daily High||1.219|
|Previous Daily Low||1.2152|
|Previous Weekly High||1.219|
|Previous Weekly Low||1.2054|
|Previous Monthly High||1.231|
|Previous Monthly Low||1.1924|
|Daily Fibonacci 38.2%||1.2166|
|Daily Fibonacci 61.8%||1.2175|
|Daily Pivot Point S1||1.215|
|Daily Pivot Point S2||1.2132|
|Daily Pivot Point S3||1.2112|
|Daily Pivot Point R1||1.2188|
|Daily Pivot Point R2||1.2208|
|Daily Pivot Point R3||1.2226|
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