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

 

 

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