- EUR/USD alternates gains with losses below the 1.0900 mark.
- The 2-month support line near 1.0650 holds the downside so far.
EUR/USD’s daily advance falters just ahead of the key 1.0900 barrier on turnaround Tuesday.
The continuation of the uptrend now needs to rapidly clear the 2023 high at 1.0926 (January 23) to allow for a test of the weekly top at 1.0936 (April 21 2022). A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000 the figure in the not-so-distant future
In the meantime, while above the short-term support line near 1.0650, extra gains should remain in store for the pair.
In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0308.
EUR/USD daily chart
|Today last price||1.0866|
|Today Daily Change||46|
|Today Daily Change %||-0.02|
|Today daily open||1.0868|
|Previous Daily High||1.0927|
|Previous Daily Low||1.0846|
|Previous Weekly High||1.0888|
|Previous Weekly Low||1.0766|
|Previous Monthly High||1.0736|
|Previous Monthly Low||1.0393|
|Daily Fibonacci 38.2%||1.0896|
|Daily Fibonacci 61.8%||1.0877|
|Daily Pivot Point S1||1.0834|
|Daily Pivot Point S2||1.08|
|Daily Pivot Point S3||1.0754|
|Daily Pivot Point R1||1.0915|
|Daily Pivot Point R2||1.0961|
|Daily Pivot Point R3||1.0995|
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