EUR/USD Price Analysis: A test of 1.1420 appears closer


  • EUR/USD keeps the firm note in the 1.1365/70 band on Tuesday.
  • A move north should see the 1.14 neighbourhood revisited.

EUR/USD is prolonging the rebound from Friday’s lows near 1.1250, managing well to retake last week’s tops in the 1.1370/80 band.

If the buying bias picks up pace, there is increasing chances of a move to the 1.1400 barrier ahead of June’s high at 1.1422.

Further out, as long as the 200-day SMA, today at 1.1050, holds the downside, further gains in EUR/USD remains well on the table.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.1357
Today Daily Change 41
Today Daily Change % 0.11
Today daily open 1.1344
 
Trends
Daily SMA20 1.126
Daily SMA50 1.1128
Daily SMA100 1.1047
Daily SMA200 1.1052
 
Levels
Previous Daily High 1.1375
Previous Daily Low 1.13
Previous Weekly High 1.1371
Previous Weekly Low 1.1243
Previous Monthly High 1.1422
Previous Monthly Low 1.1097
Daily Fibonacci 38.2% 1.1346
Daily Fibonacci 61.8% 1.1329
Daily Pivot Point S1 1.1305
Daily Pivot Point S2 1.1265
Daily Pivot Point S3 1.123
Daily Pivot Point R1 1.1379
Daily Pivot Point R2 1.1414
Daily Pivot Point R3 1.1453

 

 

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 remains tepid following PBoC monetary policy decision

AUD/USD remains tepid following PBoC monetary policy decision

AUD/USD retraces its recent gains from the previous session against the US Dollar following the People’s Bank of China’s monetary policy decision on Friday. China’s central bank decided to keep its one- and five-year Loan Prime Rates unchanged at 3.10% and 3.60%, respectively, in the fourth quarterly meeting.

AUD/USD News
USD/JPY: Japanese Yen bulls remain on the sidelines despite strong Japan’s National CPI print

USD/JPY: Japanese Yen bulls remain on the sidelines despite strong Japan’s National CPI print

The Japanese Yen adds to the post-BoJ losses and drops to a five-month low against the USD. The Fed’s hawkish shift remains supportive of elevated US bond yields and undermines the JPY. A stronger-than-expected Japan’s National CPI keeps the door open for a BoJ rate hike in 2025.

USD/JPY News
Gold price holds steady around $2,600; upside potential seems limited

Gold price holds steady around $2,600; upside potential seems limited

Gold price attracts some haven flows amid the looming risk of a US government shutdown. The global flight to safety-led pullback in the US bond yields further benefits the XAU/USD. The Fed’s hawkish stance acts as a tailwind for the USD and should cap any further upside.

Gold News
Bitcoin, Ethereum and Ripple crash, wiping $1.17 billion from the market

Bitcoin, Ethereum and Ripple crash, wiping $1.17 billion from the market

Bitcoin price trades below $98,000 on Friday after declining more than 6% this week. Ethereum and Ripple followed BTC’s footsteps, closing below their key support and declining 12% and 4.5%, respectively, this week. 

Read more
Bank of England stays on hold, but a dovish front is building

Bank of England stays on hold, but a dovish front is building

Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.

Read more
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures