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EUR/USD Price Analysis: Recovery now targets 1.0930

  • EUR/USD extends the upside bias beyond 1.0800.
  • Further gains could see the monthly high near 1.0930 revisited.

EUR/USD adds to the promising start of the week and surpasses the key 1.0800 hurdle on Tuesday.

The continuation of the bullish move appears favoured for the time being. Against that, the pair could now set sail to the March peak at 1.0929 (March 23) prior to a potential test of the 2023 high at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0335.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0829
Today Daily Change40
Today Daily Change %0.29
Today daily open1.0798
 
Trends
Daily SMA201.0676
Daily SMA501.0728
Daily SMA1001.0623
Daily SMA2001.0335
 
Levels
Previous Daily High1.08
Previous Daily Low1.0745
Previous Weekly High1.093
Previous Weekly Low1.0631
Previous Monthly High1.1033
Previous Monthly Low1.0533
Daily Fibonacci 38.2%1.0779
Daily Fibonacci 61.8%1.0766
Daily Pivot Point S11.0762
Daily Pivot Point S21.0726
Daily Pivot Point S31.0706
Daily Pivot Point R11.0817
Daily Pivot Point R21.0836
Daily Pivot Point R31.0872

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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