- The EUR/USD pair’s recent pullback stays below near-term key resistance.
- A sustained downside break could recall October month lows.
- 1.1180/75 keeps the key to the pair’s rally.
EUR/USD buyers look for confirmation, despite recent bounce, as prices still trade below the near-term key moving average, around 1.1025, during early Friday.
The 50-day Simple Moving Average (SMA) level of 1.1040 acts as immediate upside barrier to the pair holding gate for a further recovery towards late-October low surrounding 1.1075/80 and then a rise to 1.1130.
However, any further upside will have to conquer 1.1175/80 confluence including 200-day SMA and multiple tops since October 21.
Meanwhile, pair’s failure to keep the gains and a decline below the recent low of 1.0989 could recall early-October levels close to 1.0940 and 1.0880 to the chart.
EUR/USD daily chart
additional important levels
|Today last price||1.1024|
|Today Daily Change||3 pips|
|Today Daily Change %||0.03%|
|Today daily open||1.1021|
|Previous Daily High||1.1029|
|Previous Daily Low||1.0989|
|Previous Weekly High||1.1176|
|Previous Weekly Low||1.1016|
|Previous Monthly High||1.118|
|Previous Monthly Low||1.0879|
|Daily Fibonacci 38.2%||1.1013|
|Daily Fibonacci 61.8%||1.1004|
|Daily Pivot Point S1||1.0997|
|Daily Pivot Point S2||1.0974|
|Daily Pivot Point S3||1.0958|
|Daily Pivot Point R1||1.1037|
|Daily Pivot Point R2||1.1052|
|Daily Pivot Point R3||1.1076|
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