- EUR/USD rebounds sharply and surpasses the 55-day and 100-day SMAs.
- October/November peaks around 1.1100 are now on sight.
EUR/USD has regained strong upside impetus and broke above the key hurdles at the 55-day and 100-day SMAs at 1.1040 and 1.1076, respectively.
Immediately above now emerges the 1.1090/1.1100 region, where converge October and November tops. A breakout of this area of resistance should allow for a potential test of the critical 200-day SMA near 1.1160.
If sellers regain the upper hand (not favoured in the very near-term) initial contention is seen around 1.1040. Below this area, the downside pressure should be reasserted.
|Today last price||1.1075|
|Today Daily Change||20|
|Today Daily Change %||-0.09|
|Today daily open||1.1085|
|Previous Daily High||1.1091|
|Previous Daily Low||1.1002|
|Previous Weekly High||1.1034|
|Previous Weekly Low||1.0981|
|Previous Monthly High||1.1176|
|Previous Monthly Low||1.0981|
|Daily Fibonacci 38.2%||1.1057|
|Daily Fibonacci 61.8%||1.1036|
|Daily Pivot Point S1||1.1028|
|Daily Pivot Point S2||1.0971|
|Daily Pivot Point S3||1.0939|
|Daily Pivot Point R1||1.1117|
|Daily Pivot Point R2||1.1148|
|Daily Pivot Point R3||1.1205|
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