- 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|
|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
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.