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EUR/USD Price Analysis: Further rally now targets 1.0970

  • EUR/USD keeps bullish movement intact so far this week.
  • Further gains could revisit the 55-day SMA around 1.0970.

He EUR/USD rallies further and hits weekly highs near 1.0930, coincident with the 100-day SMA, on Wednesday.

The current momentum in the pair seems to favor a continuation of the northerly march for the time being. That being said, there is a temporary headwind at the 55-day SMA at 1.0968, which leads the psychological signal at 1.1000 and the August high at 1.1064 (August 10).

Meanwhile, the pair is likely to remain bid above the 200-day SMA at 1.0810 today.


Last price today 1.0927
daily change today 79
today’s daily variation 0.43
today’s daily opening 1,088
daily SMA20 1.0905
daily SMA50 1.0974
daily SMA100 1.0927
daily SMA200 1.0809
previous daily high 1.0892
previous daily low 1.0782
Previous Weekly High 1,093
previous weekly low 1.0766
Previous Monthly High 1.1276
Previous monthly minimum 1.0834
Fibonacci daily 38.2 1,085
Fibonacci 61.8% daily 1.0824
Daily Pivot Point S1 1.0811
Daily Pivot Point S2 1.0742
Daily Pivot Point S3 1.0701
Daily Pivot Point R1 1,092
Daily Pivot Point R2 1.0961
Daily Pivot Point R3 1,103

Source: Fx Street

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