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EUR/USD Price Analysis: Next on the upside comes the 1.0804 level

  • EUR/USD advances further and approaches 1.0800.
  • Immediately to the upside comes the weekly top at 1.0804.

EUR/USD climbs to 5-week tops in the 1.0785/90 band on Tuesday, extending the upside momentum for the fourth session in a row.

The continuation of the recovery could now see the weekly high at 1.0804 (February 14) revisited in the near term, while the surpass of this level should face the next obstacle not before the 2023 peak near 1.1030 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0327.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0772
Today Daily Change85
Today Daily Change %0.49
Today daily open1.072
 
Trends
Daily SMA201.0626
Daily SMA501.0728
Daily SMA1001.0577
Daily SMA2001.0327
 
Levels
Previous Daily High1.0731
Previous Daily Low1.0631
Previous Weekly High1.076
Previous Weekly Low1.0516
Previous Monthly High1.1033
Previous Monthly Low1.0533
Daily Fibonacci 38.2%1.0693
Daily Fibonacci 61.8%1.0669
Daily Pivot Point S11.0658
Daily Pivot Point S21.0595
Daily Pivot Point S31.0558
Daily Pivot Point R11.0757
Daily Pivot Point R21.0794
Daily Pivot Point R31.0857

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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