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EUR/USD Price Analysis: The hunt for the 1.1150 zone

  • EUR/USD rebounds sharply and reclaims the area above 1.1000.
  • Next on the upside comes the weekly top around 1.1150.

EUR/USD adds to Thursday’s advance and climbs to four-day highs north of the key 1.1000 barrier on Friday.

Further gains in the pair should meet the next hurdle at the weekly peak of 1.1149 (July 27). The surpass of this level should alleviate the downside pressure and allow for a potential move to the 2023 high at 1.1275 (July 18).

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0743.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1021
Today Daily Change90
Today Daily Change %0.66
Today daily open1.0949
 
Trends
Daily SMA201.1077
Daily SMA501.0931
Daily SMA1001.0917
Daily SMA2001.0739
 
Levels
Previous Daily High1.0963
Previous Daily Low1.0912
Previous Weekly High1.115
Previous Weekly Low1.0944
Previous Monthly High1.1276
Previous Monthly Low1.0834
Daily Fibonacci 38.2%1.0944
Daily Fibonacci 61.8%1.0932
Daily Pivot Point S11.092
Daily Pivot Point S21.0891
Daily Pivot Point S31.0869
Daily Pivot Point R11.097
Daily Pivot Point R21.0992
Daily Pivot Point R31.1021

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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