EUR/USD Price Analysis: Additional Gains Expected Above 200-Day SMA

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  • EUR/USD adds to Tuesday’s advance and retests 1.0350.
  • The next step higher is the 200-day SMA near 1.0400.

The EUR/USD It advances for the second session in a row and reaches a 3-day high around 1.0350.

The continuation of the bounce should initially target the key 200-day SMA at 1.0395 today. Breaking above this zone is necessary to challenge the November high at 1.0481 (15 Nov).

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The outlook for the pair is expected to turn positive above the 200-day SMA.

EUR/USD daily chart

EUR/USD

Overview
Last price today 1.0321
today’s daily change 52
Today’s daily change in % 0.20
today’s daily opening 1.03
Trends
daily SMA20 1.0114
daily SMA50 0.994
daily SMA100 1.0024
daily SMA200 1.0403
levels
previous daily high 1.0308
previous daily low 1.0237
Previous Weekly High 1.0482
previous weekly low 1.0272
Previous Monthly High 1.0094
Previous monthly minimum 0.9632
Daily Fibonacci of 38.2% 1.0281
Daily Fibonacci of 61.8% 1.0264
Daily Pivot Point S1 1.0256
Daily Pivot Point S2 1.0211
Daily Pivot Point S3 1.0185
Daily Pivot Point R1 1.0327
Daily Pivot Point R2 1.0353
Daily Pivot Point R3 1.0398

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Source: Fx Street

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