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EURUSD Price Analysis: Immediately to the upside comes the 100-day SMA

  • EURUSD sees its recent strong upside temporarily trimmed on Tuesday.
  • Gains could accelerate beyond the 100-day SMA at 1.0040.

EURUSD meets robust resistance in the 1.0030/40 band for the time being, an area coincident with the 100-day SMA.

If the pair manages to surpass that region in a sustainable note, it could then challenge the October high at 1.0093 (October 27) prior to the September top at 1.0197 (September 12).

While above the 9-month resistance line, today near 0.9850, extra gains look likely.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0455.

EURUSD daily chart

EUR/USD

Overview
Today last price1.0002
Today Daily Change60
Today Daily Change %-0.19
Today daily open1.0021
 
Trends
Daily SMA200.986
Daily SMA500.9879
Daily SMA1001.0048
Daily SMA2001.0464
 
Levels
Previous Daily High1.0034
Previous Daily Low0.9903
Previous Weekly High0.9976
Previous Weekly Low0.973
Previous Monthly High1.0094
Previous Monthly Low0.9632
Daily Fibonacci 38.2%0.9984
Daily Fibonacci 61.8%0.9953
Daily Pivot Point S10.9938
Daily Pivot Point S20.9855
Daily Pivot Point S30.9806
Daily Pivot Point R11.0069
Daily Pivot Point R21.0117
Daily Pivot Point R31.02

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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