EUR/USD Price Analysis: A test at 1.0900 remains within the possibility

  • The EUR/USD sees its recent strong advance momentarily halted.
  • The resumption of the bullish bias should target the 1.0900 level.

EUR/USD is under pressure after hitting fresh nine-month highs around 1.0870 on Friday.

Despite the tensions, the bulls continue to control the mood around the pair for now. Conversely, higher up is the year-to-date high at 1.0867 (Jan 13) and then the round 1.0900 level should appear on the short-term horizon.

Furthermore, as long as it remains above the short-term support line near 1.0550, the pair should maintain its bullish outlook.

Longer-term, constructive view remains as long as it is above the 200-day SMA at 1.0308.

EUR/USD day chart

EUR/USD

Overview
Last price today 1,082
Today I change daily 64
today’s daily variation -0.29
today’s daily opening 1.0852
Trends
daily SMA20 1.0647
daily SMA50 1.0485
daily SMA100 1.0182
daily SMA200 1.0311
levels
previous daily high 1.0867
previous daily low 1.0731
Previous Weekly High 1,071
previous weekly low 1.0483
Previous Monthly High 1.0736
Previous monthly minimum 1.0393
Fibonacci daily 38.2 1.0815
Fibonacci 61.8% daily 1.0783
Daily Pivot Point S1 1.0767
Daily Pivot Point S2 1.0681
Daily Pivot Point S3 1.0631
Daily Pivot Point R1 1.0903
Daily Pivot Point R2 1.0953
Daily Pivot Point R3 1.1039

Source: Fx Street

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