Categories: Markets

EUR/USD Price Analysis: Above 1.0930 Hits 2023 High

EUR/USD Price Analysis: Above 1.0930 Hits 2023 High
  • EUR/USD holds the buy bias unchanged near the 1.0900 zone.
  • If it continues to rise, it could revisit the 2023 high near 1.1030.

He EUR/USD manages to break the 1.0900 barrier and advance to new multi-week highs on Thursday.

The continuation of the strong uptrend seems to be on the table for now. That being said, the pair now needs to clear the March high at 1.0929 (March 23) to allow for a probable challenge of the 2023 high at 1.1032 (Feb 2) on the near term horizon.

Longer-term, the constructive view remains as long as it holds above the 200-day SMA at 1.0331 today.

EUR/USD daily chart


Last price today 1.0887
daily change today 75
today’s daily variation 0.29
today’s daily opening 1.0856
daily SMA20 1.0644
daily SMA50 1.0731
daily SMA100 1.0597
daily SMA200 1.0331
previous daily high 1.0912
previous daily low 1.0759
Previous Weekly High 1,076
previous weekly low 1.0516
Previous Monthly High 1.1033
Previous monthly minimum 1.0533
Fibonacci daily 38.2 1.0854
Fibonacci 61.8% daily 1.0818
Daily Pivot Point S1 1.0772
Daily Pivot Point S2 1.0689
Daily Pivot Point S3 1.0619
Daily Pivot Point R1 1.0926
Daily Pivot Point R2 1.0996
Daily Pivot Point R3 1.1079

Source: Fx Street