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EURUSD Price Analysis: Further upside likely above parity

  • EURUSD picks up further pace and revisits the parity zone.
  • Extra strength could see the October peak near 1.0100 retested.

EURUSD gathers steam and briefly surpasses the parity zone, where some initial resistance seems to have turned up so far.

If the pair leaves behind the parity area on a sustainable fashion, it could then challenge the temporary hurdle at the 100-day SMA, today at 1.0045. The surpass of the latter exposes a move to the October peak at 1.0093 (October 27).

While above the 9-month resistance line, today near 0.9860, extra gains look likely.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0462.

EURUSD daily chart

EURUSD

Overview
Today last price0.9981
Today Daily Change107
Today Daily Change %0.21
Today daily open0.996
 
Trends
Daily SMA200.9844
Daily SMA500.9879
Daily SMA1001.0053
Daily SMA2001.047
 
Levels
Previous Daily High0.9967
Previous Daily Low0.9743
Previous Weekly High0.9976
Previous Weekly Low0.973
Previous Monthly High1.0094
Previous Monthly Low0.9632
Daily Fibonacci 38.2%0.9881
Daily Fibonacci 61.8%0.9828
Daily Pivot Point S10.9813
Daily Pivot Point S20.9666
Daily Pivot Point S30.9589
Daily Pivot Point R11.0037
Daily Pivot Point R21.0114
Daily Pivot Point R31.0261

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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