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EUR/USD Price Analysis: Immediate target is around 1.0630

  • 3:37 PM
  • EUR/USD bullish momentum faltered again around 1.0630.
  • A break of that resistance could lead to a test of 1.0713.

The EUR/USD pared early gains and plunged into bearish territory south of 1.0600 support on Thursday.

Further upside attempts should break the short-term high at 1.0630/35 (Jan 4.5) to allow for a possible visit to the weekly high at 1.0713 (Dec 30). Once broken, the pair could face the December 2022 high at 1.0736 (Dec 15).

The constructive outlook for EUR/USD should remain unchanged as long as it holds above the key 200-day SMA today at 1.0314.

EUR/USD daily chart

EUR/USD

Overview
Last price today 1,055
Today I change daily 89
today’s daily variation -0.50
today daily opening 1.0603
Trends
daily SMA20 1.0612
daily SMA50 1.0385
daily SMA100 1.0139
daily SMA200 1.0318
levels
previous daily high 1.0636
previous daily low 1.0541
Previous Weekly High 1.0713
previous weekly low 1.0607
Previous Monthly High 1.0736
Previous monthly minimum 1.0393
Fibonacci daily 38.2 1.0599
Fibonacci 61.8% daily 1.0577
Daily Pivot Point S1 1.0551
Daily Pivot Point S2 1.0499
Daily Pivot Point S3 1.0456
Daily Pivot Point R1 1.0646
Daily Pivot Point R2 1.0688
Daily Pivot Point R3 1,074

Source: Fx Street

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