- EUR/USD’s rapid move past 1.2000 met resistance near 1.2080.
- Bouts of selling pressure are expected to be contained around 1.1910.
EUR/USD clinches fresh multi-week tops near 1.2080, although deflates to the negative ground afterwards.
The pair gained extra upside impulse after surpassing the 1.2050/64 band, where converge the 100-day SMA and a Fibo retracement (of the November-January rally).
Above the new peaks around 1.2080 comes in the interim hurdle at 1.2100 ahead of the February highs around 1.2240.
Above the 200-day SMA (1.1910) the stance for EUR/USD is predicted to remain positive.
EUR/USD daily chart
|Today last price||1.2034|
|Today Daily Change||53|
|Today Daily Change %||-0.03|
|Today daily open||1.2038|
|Previous Daily High||1.2048|
|Previous Daily Low||1.1943|
|Previous Weekly High||1.1995|
|Previous Weekly Low||1.1871|
|Previous Monthly High||1.2113|
|Previous Monthly Low||1.1704|
|Daily Fibonacci 38.2%||1.2008|
|Daily Fibonacci 61.8%||1.1983|
|Daily Pivot Point S1||1.1971|
|Daily Pivot Point S2||1.1904|
|Daily Pivot Point S3||1.1866|
|Daily Pivot Point R1||1.2077|
|Daily Pivot Point R2||1.2115|
|Daily Pivot Point R3||1.2182|
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