EUR/USD Price Analysis: Sustained gains seen above 1.0670/80


  • EUR/USD keeps the erratic activity well in place this week.
  • The 1.0670/80 band continues to cap the upside so far.

EUR/USD resumes the upside bias past the 1.0500 mark following Thursday’s decent pullback.

So far, and as long as the 4-month line in the 1.0670/80 band limits the upside, extra pullbacks in the pair should remain on the cards in the near term. The surpass of this area, however, could spark a bull run to the June top at 1.0773 and the May peak at 1.0786.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.1136.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.0524
Today Daily Change 43
Today Daily Change % 0.01
Today daily open 1.0523
 
Trends
Daily SMA20 1.0603
Daily SMA50 1.0609
Daily SMA100 1.0857
Daily SMA200 1.1144
 
Levels
Previous Daily High 1.0581
Previous Daily Low 1.0483
Previous Weekly High 1.0601
Previous Weekly Low 1.0359
Previous Monthly High 1.0787
Previous Monthly Low 1.035
Daily Fibonacci 38.2% 1.052
Daily Fibonacci 61.8% 1.0544
Daily Pivot Point S1 1.0477
Daily Pivot Point S2 1.0431
Daily Pivot Point S3 1.0379
Daily Pivot Point R1 1.0575
Daily Pivot Point R2 1.0627
Daily Pivot Point R3 1.0674

 

 

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