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EUR/USD Price Analysis: Upside capped by the parity zone so far

  • EUR/USD’s strong upside meets resistance around parity.
  • Sustained gains are likely once the parity level is cleared.

EUR/USD has so far met quite a solid hurdle in the proximity of the parity level on Wednesday.

Considering the recent strong rebound, further upside seems likely once the pair leaves behind the parity region on a sustainable fashion. Further up comes the interim hurdle at the 55-day SMA, today at 1.0030.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0632.

EUR/USD daily chart

EUR/USD

Overview
Today last price0.9924
Today Daily Change83
Today Daily Change %-0.62
Today daily open0.9986
 
Trends
Daily SMA200.9893
Daily SMA501.0021
Daily SMA1001.0234
Daily SMA2001.0641
 
Levels
Previous Daily High1
Previous Daily Low0.9806
Previous Weekly High0.9854
Previous Weekly Low0.9536
Previous Monthly High1.0198
Previous Monthly Low0.9536
Daily Fibonacci 38.2%0.9926
Daily Fibonacci 61.8%0.988
Daily Pivot Point S10.9862
Daily Pivot Point S20.9737
Daily Pivot Point S30.9668
Daily Pivot Point R11.0055
Daily Pivot Point R21.0124
Daily Pivot Point R31.0249

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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