- EUR/USD bounces off lows around 1.0480 on Thursday.
- Further recovery should target the monthly high at 1.0641.
EUR/USD pulls back and almost totally erases Wednesday’s pullback and shifts attention to recent weekly highs near 1.0560.
Considering the current price action of the pair, a continuation of the bounce is likely to happen in the very short term. If this is the case, the next hurdle emerges at the May high at 1.0641 (May 5) ahead of the 55-day SMA today at 1.0798.
Below the three-month line near 1.0870, the pair is expected to remain under pressure and vulnerable to further losses.
EUR/USD day chart
EUR/USD
Panorama | |
---|---|
Last Price Today | 1.0515 |
Today’s Daily Change | -0.0034 |
Today’s Daily Change % | -0.32 |
Today’s Daily Opening | 1.0549 |
Trends | |
---|---|
20 Daily SMA | 1.0578 |
50 Daily SMA | 1.0806 |
100 Daily SMA | 1.1049 |
200 Daily SMA | 1.1303 |
levels | |
---|---|
Previous Daily High | 1.0556 |
Previous Daily Minimum | 1.0428 |
Previous Maximum Weekly | 1.0592 |
Previous Weekly Minimum | 1,035 |
Monthly Prior Maximum | 1.1076 |
Previous Monthly Minimum | 1.0471 |
Daily Fibonacci 38.2% | 1.0507 |
Daily Fibonacci 61.8% | 1.0477 |
Daily Pivot Point S1 | 1.0466 |
Daily Pivot Point S2 | 1.0384 |
Daily Pivot Point S3 | 1.0339 |
Daily Pivot Point R1 | 1.0594 |
Daily Pivot Point R2 | 1.0638 |
Daily Pivot Point R3 | 1.0721 |
Source: Fx Street
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