EUR/USD Price Analysis: Gains should accelerate above 1.0300

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  • EUR/USD retraces part of Thursday’s advance and holds around 1.0220.
  • The pair needs to break above 1.0300 to allow for a more serious recovery.

EUR/USD is under pressure after teetering once again in the 1.0250/60 zone at the end of the week.

The August high at 1.0293 (Aug 2) looks like the magnet for the bulls at the moment. Above this level, the pair is expected to see its uptrend strengthened and could challenge the short-term 55-Day Temporary SMA today at 1.0404.

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In the longer term, the bearish view on the pair is expected to prevail as long as it trades below the 200-day SMA at 1.0927.

EUR/USD

Overview
last price today 1.0234
daily change today 3. 4
Today’s daily variation -0.12
Daily opening today 1.0246
Trends
daily SMA20 1.0161
daily SMA50 1.0387
daily SMA100 1.0571
daily SMA200 1.0936
levels
Previous daily high 1.0254
Previous Daily Low 1.0154
Previous Weekly High 1.0258
Previous Weekly Low 1.0097
Previous Monthly High 1.0486
Previous Monthly Low 0.9952
Daily Fibonacci of 38.2%. 1.0216
Daily Fibonacci of 61.8% 1.0192
Daily Pivot Point S1 1.0182
Daily Pivot Point S2 1.0119
Daily Pivot Point S3 1.0083
Daily Pivot Point R1 1.0281
Daily Pivot Point R2 1.0317
Daily Pivot Point R3 1.0381

Source: Fx Street

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