EUR/USD Price Analysis: Upside remains firm and targets 1.1239


  • EUR/USD has reversed the initial pessimism and is now near 1.1190.
  • Immediately to the upside emerges 1.1213 ahead of 1.1239.

EUR/USD has once again tested levels beyond 1.1200 the figure (Wednesday) although it failed to close above this key barrier. Recent bearish attempts met decent contention in the 1.1100 area, where coincide the 200-day SMA.

There is room for the continuation of the rally as long as the pair trades above the key 55-day SMA, today at 1.1037.

That said, the next target of relevance should emerge at the weekly tops at 1.1213 ahead of the December top at 1.1239.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.1183
Today Daily Change 70
Today Daily Change % 0.41
Today daily open 1.1137
 
Trends
Daily SMA20 1.0925
Daily SMA50 1.1034
Daily SMA100 1.106
Daily SMA200 1.1099
 
Levels
Previous Daily High 1.1188
Previous Daily Low 1.1096
Previous Weekly High 1.1053
Previous Weekly Low 1.0805
Previous Monthly High 1.1089
Previous Monthly Low 1.0778
Daily Fibonacci 38.2% 1.1131
Daily Fibonacci 61.8% 1.1152
Daily Pivot Point S1 1.1093
Daily Pivot Point S2 1.1048
Daily Pivot Point S3 1.1
Daily Pivot Point R1 1.1185
Daily Pivot Point R2 1.1232
Daily Pivot Point R3 1.1277

 

 

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