EUR/USD Price Analysis: A move to the 1.0900 zone remains likely


  • EUR/USD reclaims the 1.0800 area and above after dropping to 1.0770.
  • Immediately to the upside now emerges the 2022 peak at 1.0887.

EUR/USD adds to Wednesday’s uptick and manages to retake the area above the key 1.0800 barrier on Thursday.

It seems the pair is moving within a range bound theme ahead of the potential resumption of the uptrend. Against that, the immediate resistance level comes at the so far YTD high at 1.0887 (January 18). Once cleared, it could lead up to a probable visit to the round level at 1.0900 in the relatively short-term horizon.

Furthermore, while above the short-term support line near 1.0610, extra gains should remain in store.

In the longer run, the constructive view remains unchanged while above the 200-day SMA at 1.0307.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.0822
Today Daily Change 56
Today Daily Change % 0.31
Today daily open 1.0789
 
Trends
Daily SMA20 1.0687
Daily SMA50 1.0548
Daily SMA100 1.0214
Daily SMA200 1.031
 
Levels
Previous Daily High 1.0888
Previous Daily Low 1.0766
Previous Weekly High 1.0868
Previous Weekly Low 1.0639
Previous Monthly High 1.0736
Previous Monthly Low 1.0393
Daily Fibonacci 38.2% 1.0813
Daily Fibonacci 61.8% 1.0841
Daily Pivot Point S1 1.0741
Daily Pivot Point S2 1.0693
Daily Pivot Point S3 1.062
Daily Pivot Point R1 1.0862
Daily Pivot Point R2 1.0936
Daily Pivot Point R3 1.0984

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

AUD/USD: Strong resistance lies at 0.6300

AUD/USD: Strong resistance lies at 0.6300

The marked sell-off in the US Dollar allowed AUD/USD to regain strong upside traction and reach multi-day highs in the area just below the key 0.6300 barrier at the beginning of the week.

AUD/USD News
EUR/USD: Bulls need to clear 1.0400 on a convincing fashion

EUR/USD: Bulls need to clear 1.0400 on a convincing fashion

In line with the rest of the risk-associated complex, EUR/USD managed to regain marked buying pressure and flirted with the area of three-week highs around 1.0430 on Monday.

EUR/USD News
Gold remains focused on all-time highs

Gold remains focused on all-time highs

Gold stays in positive territory above $2,700 on Monday as the improving risk mood makes it difficult for the US Dollar to find demand. Markets await US President Donald Trump's speech at the inauguration ceremony.

Gold News
Solana Price Forecast: Are US traders dumping Bitcoin and XRP for SOL?

Solana Price Forecast: Are US traders dumping Bitcoin and XRP for SOL?

Solana (SOL) price stabilized near the $250 support level on Monday, having declined 10% from its all-time high over the last 24 hours.

Read more
GBP/USD stays defensive below 1.2200, awaits Trump 2.0

GBP/USD stays defensive below 1.2200, awaits Trump 2.0

GBP/USD struggles to gain traction and trades slightly below 1.2200 in the second half of the day on Monday. Markets' nervousness ahead of US President-elect Donald Trump's inauguration drag the pair lower despite a broadly weaker US Dollar. 

GBP/USD News
Trusted Broker Reviews for Smarter Trading

Trusted Broker Reviews for Smarter Trading

VERIFIED Discover in-depth reviews of reliable brokers. Compare features like spreads, leverage, and platforms. Find the perfect fit for your trading style, from CFDs to Forex pairs like EUR/USD and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures