EUR/USD Price Analysis: The next upside barrier is seen at 1.0900

EUR/USD oscillates in a narrow trading band around the mid-1.0800s on Friday.
The pair holds above the 50- and 100-hour EMA; RSI indicator is located in bullish territory above 50.
The immediate resistance level is seen at 1.0900; 1.0830 acts as an initial support level for the pair.

Lallalit Srijandorn FXStreet

The EUR/USD pair consolidates in a narrow trading range between 1.0845 and 1.0860 during the early European session on Friday. The major pair currently trades around 1.0851, gaining 0.04% on the day.

According to the four-hour chart, the major pair holds above the 50- and 100-hour Exponential Moving Averages (EMA), suggesting the path of least resistance to the upside. It’s worth noting that the Relative Strength Index (RSI) holds in bullish territory above 50, suggesting further upside looks favorable.

The immediate resistance level for EUR/USD is seen near a psychological round figure at 1.0900. Any follow-through buying will see a rally to the upper boundary of the Bollinger Band at 1.0948. The next upside barrier is located at 1.1000 (a round figure and a high of August 11).

On the other hand, a low of November 16 at 1.0830 acts as an initial support level for the pair. The next contention level will emerge at 1.0800 (round mark), en route to 1.0766 (the 50-hour EMA) and 1.0725 (the lower limit of the Bollinger Band).

EUR/USD four-hour chart

EUR/USD

Overview
Today last price	1.085
Today Daily Change	0.0004
Today Daily Change %	0.04
Today daily open	1.0846

Trends
Daily SMA20	1.067
Daily SMA50	1.0629
Daily SMA100	1.0792
Daily SMA200	1.0804

Levels
Previous Daily High	1.0896
Previous Daily Low	1.083
Previous Weekly High	1.0756
Previous Weekly Low	1.0656
Previous Monthly High	1.0695
Previous Monthly Low	1.0448
Daily Fibonacci 38.2%	1.0871
Daily Fibonacci 61.8%	1.0855
Daily Pivot Point S1	1.0819
Daily Pivot Point S2	1.0792
Daily Pivot Point S3	1.0754
Daily Pivot Point R1	1.0885
Daily Pivot Point R2	1.0923
Daily Pivot Point R3	1.095

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

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