- 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).
The outlook for the pair is expected to turn positive above the 200-day SMA.
EUR/USD daily chart
|Last price today||1.0321|
|today’s daily change||52|
|Today’s daily change in %||0.20|
|today’s daily opening||1.03|
|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|
Source: Fx Street
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