EUR/USD Price Analysis: Bullish, unchanged to follow above 1.0540

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  • EUR/USD remains in the 1.0780 zone on Thursday.
  • Further gains are likely if we remain above the immediate support line near 1.0540.

EUR/USD appears to have found solid resistance in the area of ​​recent highs around 1.0780.

Should the bulls remain in control, a break of the January high at 1.0776 (Jan 11) could put the May 2022 high back on the radar at 1.0786 (May 30) ahead of the round level at 1.0800 .

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As long as it remains above the short-term support line near 1.0540, the pair should maintain its bullish outlook.

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

EUR/USD day chart


Last price today 1.0758
daily change today 33
today’s daily variation 0.04
today’s daily opening 1.0754
daily SMA20 1.0635
daily SMA50 1.0463
daily SMA100 1.0173
daily SMA200 1.0311
previous daily high 1.0776
previous daily low 1.0726
Previous Weekly High 1,071
previous weekly low 1.0483
Previous Monthly High 1.0736
Previous monthly minimum 1.0393
Fibonacci daily 38.2 1.0757
Fibonacci 61.8% daily 1.0745
Daily Pivot Point S1 1.0728
Daily Pivot Point S2 1.0701
Daily Pivot Point S3 1.0677
Daily Pivot Point R1 1.0778
Daily Pivot Point R2 1.0803
Daily Pivot Point R3 1.0829

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Source: Fx Street

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