- EUR/USD reverses the initial optimism and returns to 1.2150/40.
- Further north is located the 2021 peak at 1.2349 (January 6).
EUR-bulls failed once again to push EUR/USD past the 1.2180/90 band at the beginning of the week.
This area of resistance is also reinforced by the 21-day SMA, today at 1.2191. A break above this level should pave the way for a potential move to 2021 tops around 1.2350 (January 6).
On the broader picture, the constructive stance in EUR/USD remains unchanged while above the critical 200-day SMA, today at 1.1626.
Looking at the monthly chart, the (solid) breakout of the 2008-2020 line is a big bullish event and should underpin the continuation of the current trend in the longer run.
EUR/USD daily chart
|Today last price||1.2144|
|Today Daily Change||48|
|Today Daily Change %||-0.20|
|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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