- EUR/USD is rebounding from Wednesday’s lows near 1.0770.
- The next upside barrier to watch remains the yearly high at 1.0874.
EUR/USD rises after back-to-back daily pullbacks and recaptures the 1.0800 barrier and beyond on Wednesday.
It seems that the pair is moving within a consolidation range, limited before the possible resumption of the uptrend. Immediate resistance lies at the year-to-date high of 1.0874 (Jan 16), which once broken could lead to a probable visit to the round 1.0900 level on a relatively short-term horizon.
Also, as long as it remains above the near-term support line near 1.0600, they should remain biased higher.
Longer-term, constructive view remains as long as it is above the 200 SMA at 1.0307.
EUR/USD day chart
EUR/USD
Overview | |
---|---|
Last price today | 1.0814 |
Today I change daily | 105 |
today’s daily variation | 0.19 |
today’s daily opening | 1.0794 |
Trends | |
---|---|
daily SMA20 | 1.0678 |
daily SMA50 | 1.0533 |
daily SMA100 | 1.0206 |
daily SMA200 | 1,031 |
levels | |
---|---|
previous daily high | 1.0869 |
previous daily low | 1.0774 |
Previous Weekly High | 1.0868 |
previous weekly low | 1.0639 |
Previous Monthly High | 1.0736 |
Previous monthly minimum | 1.0393 |
Fibonacci daily 38.2 | 1.0811 |
Fibonacci 61.8% daily | 1.0833 |
Daily Pivot Point S1 | 1.0756 |
Daily Pivot Point S2 | 1.0718 |
Daily Pivot Point S3 | 1.0661 |
Daily Pivot Point R1 | 1.0851 |
Daily Pivot Point R2 | 1.0908 |
Daily Pivot Point R3 | 1.0946 |
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.